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India, Japan not mutual favourites in int'l trade

DNAHM115319 | 9/13/2017 | Author : Keyur Dhandeo | WC :236 | Business & Economy

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Percentage share of major economies in Imports to India (yearwise)
Aav Jo Abe
Even as trade hopes remain high for the upcoming visit of Japanese Prime Minister Shinzo Abe's visit to India, the data of bilateral trade does not reveal the strong bonhomie Abe shares with Prime Minister Narendra Modi.
For the past three fiscals, Japan has not featured on the top 10 trading partners of India, which in turn has about one per cent share in Japanese global trade.
However, experts say that economic ties between India and Japan are much beyond what is sold and bought at the ports.
According to the data of Ministry of Commerce and Trade, Japan's share in India has remained just over 2 per cent in the recent past. For the past three years, Japan's rank was 15th in 2014-15, 11th in 2015-16 and 13
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