The Japan-India Economic Partnership: A Politically Driven Process

par Isabelle Saint Mézard, Maître de conférences à l’IFG et Céline Pajon,

While bilateral relations have shown progress in terms of political values and interests, strategic convergence and military cooperation, their economic dimension has seemed to lag behind. While India has been one of the largest recipients of Japanese official development assistance (ODA) loans since 2003, it made up only 2.2% of Japan’s total overseas direct investment (ODI) flows in 2016. Moreover, the volume of bilateral trade has remained surprisingly modest.

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