India Japan trade at $50 billion: Why higher value exports will be key to the target

Higher-value exports hold the key Despite the growth, India has significant headroom to expand its presence in Japan. India’s share of Japan’s global imports remains below 1%, according to ASSOCHAM, indicating substantial scope for greater market penetration and a shift towards higher-value exports. The report said the opportunity extends beyond traditional competitive industrial segments as the two countries increasingly explore industries that are expected to shape future economic growth. These include semiconductors, artificial intelligence, digital technologies, critical minerals and resilient supply chains. Increasing India’s exports in these emerging areas could help broaden the trade relationship while enabling Indian businesses to…