Open AccessTrends and Prospects of India’s Trade with Japan: A Study for the Period 2002-2019
Author(s) -
Vibha Mathur,
Shankar Jyoti Doley
Publication year - 2022
Publication title -
shanlax international journal of management/shanlax international journal of management
Language(s) - English
Resource type - Journals
eISSN - 2581-9402
pISSN - 2321-4643
DOI - 10.34293/management.v9i3.4360
Subject(s) - complementarity (molecular biology) , index (typography) , international trade , politics , economics , economy , geography , political science , genetics , world wide web , computer science , law , biology
With the fast-growing economics and political synergies between India and Japan, the opportunities for both nations in terms of businesses and commerce are bound to contribute meaningfully in shaping Indo-Japan’s international business story. Since India has opted out of RCEP, engagement with Japan became more important to remain relevant in the international business scenario. The development of a relationship with Japan is also aligned with India’s Act East Policy objectives. This paper is intended to examine the trade trends, intensities and complementarities between India and Japan. For this purpose, different indices have been calculated using secondary data collected from a database maintained by international institutions. The indices and the trends calculated reveals the trade intensity and complementarities between the two nation. As indicated by the trade complementarity index, more economic engagements by India-Japan will not only accelerate India’s growth trajectory but also increase economic gains for enterprises of Japan.