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India-Japan economic ties will grow markedly

Wednesday, April 5, 2023

Significance

The leaders held talks on a range of issues, including economic cooperation. Kishida afterwards described India as an “indispensable partner” in Japan’s attempts to realise its vision of a “free and open” Indo-Pacific region.

Impacts

  • Japanese investment in India will increase in the medium-to-long term and diversify into new sectors such as clean energy.
  • Shared wariness of Chinese assertiveness will remain a major factor in bringing the countries closer together.
  • Delhi and Tokyo will continue to engage not only bilaterally but also through the Quad, a group which also includes Canberra and Washington.

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