Pressler, who has served as chairman of the US Senate's Arms Control Subcommittee, also had a word of caution for Pakistan.
He said if Pakistan did not act on terrorism, the Donald Trump administration could declare it "a terror state".
"I would love to see peaceful use of nuclear energy, but I am worried that so far it (Indo-US nuke agreement) has mostly been an arms deal. It seems to me that much of the new agreement is a large arms sale to Indians," Pressler said.
The Indo-US nuclear cooperation agreement was signed in October 2008, ending India's isolation by the West in the nuclear and space arena. The deal has given a significant boost to India's nuclear energy production.
Pressler claimed the then US president Barack Obama's visit to New Delhi was "largely an arms sale trip".
When asked whether the United States could declare Pakistan a "terror state", he said, "Unless Pakistan does not change certain things, it may happen. Moreover, the Donald Trump administration is making sounds that they are getting near this. And I hope they do".
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