'10x growth potential in 10 years': Ashoka University co-founder Ashish Dhawan on India-Japan ties, FDI | Exclusive
India-Japan economic ties have 10x growth potential over the next decade, says Ashoka University’s Ashish Dhawan. He called for greater Japanese investment, stronger manufacturing and semiconductor partnerships, and improved labour mobility, citing Japan’s efforts to diversify supply chains.
Ashish Dhawan, co-founder of Ashoka University, spoke to LiveMint about the untapped potential of India-Japan economic ties in a report by the university's Iron Pillar Initiative. He believes there is a 10x growth potential in this relationship over the next decade, but implementation, investment channels, and cooperation in manufacturing, technology, and labor mobility are critical to realizing this opportunity.
One key area is attracting greater Japanese institutional investment in India, where India should aim for at least 2-3% of Japanese overseas investments based on market capitalization, free float, or GDP. Japanese FDI in India could also see significant growth, given the presence of over 1,400 Japanese companies there. Dhawan also highlights the potential for Indian students to study in Japan and the untapped labor mobility between the two nations, with only a fraction of Nepali workers sent to Japan compared to India.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
