23-February-2025
Economy News
 
With stagnant exports, India-Japan trade imbalance an area of concern: Piyush Goyal
22-Feb-2025

Union Minister of Commerce & Industry Piyush Goyal on Friday expressed concerns over Japan's growing trade surplus with India, highlighting that India's exports to Japan have remained stagnant over the past 15 years. In contrast, Japanese exports to India have continued to rise, exacerbating the trade imbalance. “Many of the Japanese investments that happen in India source their input products from Korea, from Japan, from Taiwan, even from China and bring that to India. And use India only as a demand or only as a country to sell their products.

News Source:- https://economictimes.indiatimes.com/small-biz/trade/exports/insights/with-stagnant-exports-india-japan-trade-imbalance-an-area-of-concern-piyush-goyal/articleshow/118453663.cms