Economy of India and Japan: UPSC Daily Important Topic | 4 June 2022

Economy of India and Japan

✓Economic relations between India and Japan have vast potential for growth, given the complementarities that exist between the two Asian economies.

✓Japan’s interest in India is increasing due to a variety of reasons including India’s large and growing market and its resources, especially the human resources. 

✓The India-Japan Comprehensive Economic Partnership Agreement (CEPA) that came into force in August 2011 is the most comprehensive of all such agreements concluded by India.

✓CEPA covers not only trade in goods but also Services, Movement of Natural Persons,Investments, Intellectual Property Rights, Custom Procedures and other trade related issues.