Widening trade gap with Japan a concern, Ficci flags
India's trade deficit with Japan is a growing concern for local exporters. Indian companies face hurdles accessing the Japanese market due to strict regulations. Ficci president Anant Goenka highlighted these challenges during a Japan visit. Joint investments in Africa are being explored to secure supplies and expand mining. Opportunities exist for deeper cooperation in data centres and…
India's widening trade deficit with Japan is a growing concern for exporters and the Indian industry, according to Ficci president Anant Goenka. During a recent meeting, Goenka highlighted the need for greater recognition of Indian certifications in Japan to improve market access, particularly for sectors such as pharma, data centers, and semiconductors.
The trade deficit between the two countries has widened from $12.66 billion in FY25 to $15.40 billion in FY26, despite the overall two-way commerce between the nations increasing by 9.18% year-on-year to $27.47 billion in FY26. Goenka also noted the potential for joint investments between India and Japan in Africa to secure supplies and expand mining capabilities.
Brief written by urgent.news from The Economic Times - Economy's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
