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INDIA-JAPAN image BY ATRISHEKHAR - Coggle Diagram
INDIA-JAPAN 
BY ATRISHEKHAR
TRADE
● Trade at US $ 17.15 bn
exports US$ 5.18 billion,
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Economic Ties: A test of the reliability of Japan as a friend was witnessed in 1991 when Japan was among the few countries that bailed India out of the balance of payment crisis.
In recent years, the economic relationship between Japan and India has steadily expanded and deepened. The volume of trade between the two countries has increased. Japan was the 12th largest trading partner for India in 2020.
Also, direct investment from Japan to India has increased, and Japan was the 4th largest investor in India in FY2020.
promote the "Clean Energy Partnership" announced during Prime Minister Kishida's visit to India in March 2022 to achieve carbon neutrality and ensure energy security at the global level, and to promote concrete cooperation in the areas of hydrogen, ammonia and LNG through the "Japan-India Energy Ministerial Dialogue" and other initiatives.
The amount of FDI from Japan to India in fiscal year 2023 was estimated to be about 1.8 billion U.S. dollars, down from about 1.5 billion dollars in the previous fiscal year. The highest investment flow from Japan was over 4.2 billion dollars in financial year 2017.
Significance
● Multilateral cooperation - QUAD, G20
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● Defense - dharma guardian,JIMEX
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other ties
Health-Care: In view of the similarities and synergies between the goals and objectives of India's AYUSHMAN Bharat Programme and Japan’s AHWIN, both sides had been consulting with each other to identify projects to build the narrative of AHWIN for AYUSHMAN Bharat.
Investment and ODA: India has been the largest recipient of the Japanese Official Development Assistance(ODA) Loan for the past decades. Delhi Metro is one of the most successful examples of Japanese cooperation through the utilization of ODA.
India’s Western Dedicated Freight Corridor (DFC) project is funded by a soft loan provided by Japan International Cooperation Agency under Special terms for economic partnership (STEP).
Besides, Japan and India had committed to build a High-Speed Railways in India by introducing Japan’s Shinkansen System.
India Japan Nuclear Deal 2016 will help India build the six nuclear reactors in southern India, increasing nuclear energy capacity ten-fold by 2032.
BACKGROUND
The friendship between India and Japan has a long history rooted in spiritual affinity and strong cultural and civilizational ties.
Indian culture, filtered through Buddhism, has had a great impact on Japanese culture, and this is the source of the Japanese people's sense of closeness to India.
Bilateral ties have been singularly free of any kind of dispute – ideological or territorial. India -Japan peace treaty was one of the first peace treaties Japan signed after World War II.
Even though India and Japan have exchanged defense ideas for almost two decades and declared a shared interest in keeping the Indo-Pacific open and free, as partners in the Quadrilateral Security Dialogue along with the US and Australia, their bilateral cooperation is still lacking.
US-China interference in the Indo-Pacific prevented both sides from implementing their desired strategic objectives.
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RECENT ENGAGEMENTS
Japan-India Foreign Ministers' Meeting (September 22, 2023)
Both Ministers affirmed that maintaining and strengthening a free and open international order based on the rule of law is critical, and that Japan and India would strengthen their responses to issues in the international community. They also shared views on regional situations including the Indo-Pacific and the situation in Ukraine, and on the Security Council reform.
Japan-Australia-India-U.S. (Quad) Foreign Ministers' Meeting (September 22, 2023)
Fifth Japan-India Cyber Dialogue (September 15, 2023)
discussion included national cyber policies and cybersecurity strategies, current cyber threat landscape, 5G and Open RAN technology developments. Both sides also discussed bilateral cooperation in the field of capacity building, as well as cooperation under the UN and QUAD (Japan-Australia-India-U.S.).
Prime Minister Kishida Attends ASEAN-related Summit Meetings and G20 New Delhi Summit (September 5-11, 2023)
Foreign Minister Hayashi's Visit to Southwest Asia and Africa (July 27 - August 4, 2023)
Message of condolences issued by Prime Minister KISHIDA Fumio regarding the train accident in the State of Odisha, India (June 3, 2023)
Message of condolences issued by Foreign Minister HAYASHI Yoshimasa regarding the Train Accident in the State of Odisha, India (June 3, 2023)
Japan-Australia-India-U.S. (Quad) Leaders’ Meeting (May 20, 2023)
Japan-India Summit Meeting (May 20, 2023)