Japanese and Indian businesses have made notable strides toward closer collaboration, leveraging their complementarity, but substantial support is needed to sustain the newfound momentum.
This boost should come from both Tokyo and New Delhi, ensuring that positive rhetoric translates into tangible results.
According to the Indian government, though foreign direct investment in the country declined in 2023, Japanese investment has shown a steady upward trajectory. India's growth prospects, large local market, inexpensive labor costs and steady macroeconomic conditions make it an increasingly attractive destination.
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