{
  "id": 3425985,
  "title": "Indo-Japan trade in its ‘konnichiwa era’, but gap stays",
  "url": "https://urgent.news/2026/08/25/indo-japan-trade-in-its-konnichiwa-era-but-gap-stays",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T19:47:41.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/widening-trade-gap-with-japan-a-concern-ficci-flags/articleshow/133523925.cms"
  },
  "original_language": "en",
  "account": "Tokyo: India's widening trade deficit with Japan is a cause for concern, with Indian exporters calling for greater recognition of Indian certifications to improve market access, according to Ficci president Anant Goenka. Speaking to reporters, Goenka highlighted the possibility of joint investments between the two nations in Africa to bolster their supplies and mining capabilities. He noted that Indian companies, particularly in the pharma sector, continue to struggle with accessing the Japanese market due to stringent certification and regulatory requirements. Additionally, there is a tendency for Japanese consumers to prefer purchasing products from Japanese companies, Goenka added.\n\nGoenka, part of a 200-plus business delegation accompanying Commerce and Industry Minister Piyush Goyal on a four-day Japan visit, emphasized India's data center and semiconductor sectors as significant growth opportunities and potential areas for deeper India-Japan cooperation. While trade between the countries has increased, it has primarily flowed one way, with India experiencing a widening trade deficit with Japan in recent years.\n\nIndia's trade deficit with Japan grew 21.64% to $15.40 billion in the fiscal year 2025, up from $12.66 billion in FY2024, while two-way commerce between the nations grew 9.18% year-on-year to $27.47 billion during the same period. Goenka pointed out that the pharma companies in India are facing particular challenges as they are unable to register their products in Japan.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}