Expressing optimism over India’s trade relations with Japan, industry body -- The Associated Chambers of Commerce and Industry of India (Assocham) has said that bilateral trade between the two countries is likely to reach $50 billion by 2030, up from $27.47 billion in 2025-26, driven by growing economic complementarities and deeper business engagement.
Assocham said India-Japan trade relations have expanded significantly in recent years, with increased exchanges of high-level delegations. It noted that a range of bilateral trade initiatives, along with promising investment announcements, is expected to further boost economic and commercial ties between the two countries.
Assocham President Nirmal Kumar Minda said India-Japan relations have strengthened considerably over the years, encompassing development cooperation, infrastructure, manufacturing, technology, investment and trade. Given the pace of technological advancements shaping the global economic order, he said Japan could consider establishing more research and development and innovation centres, as well as global capability centres (GCCs), and creating engineering partnerships with Indian academia.
