. As of now Japan-India trade is a mere 5% of Japan-China trade. Today, India-Japan trade languishes at around $15 billion, a quarter of trade with China while Japan-China trade is around $300 billion.
India is the largest recipient of Japanese foreign aid. Japanese have also made record investment in private equity and venture capital in India.
Both Japan and India must aspire for two-way trade of $100 billion, annual investment by Japan in India of $25 billion and at least 100 joint +manufacturing/research and development centres on a global scale within the next ten years.
The Comprehensive Economic Partnership Agreement i.e. CEPA (2011) between India and Japan and is one of the most comprehensive agreements concluded by India. Bilateral trade between India and Japan post-CEPA has increased considerably, however, trade deficit of India with respect to Japan has also increased post-CEPA. Huge
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