Interest among Japanese companies in the Indian market has revived, and the third India boom, including the Japan-India Summit, has drawn attention. The prime minister visited India from 1 to 3 July, and related meetings were held.
An analysis has highlighted the arrival of a “third boom” as interest among Japanese companies in the Indian market grows and cooperation between Japan and India advances. Prime Minister Takaichi (高市) visited India from 1 to 3 July, and the Japan-India Summit and Japan-India Economic Forum were held on 2 July. The destination was changed from Guwahati to Delhi approximately one week earlier, and policies for the period ahead were announced. The article整理s the policies on economic security and business areas between Japan and India presented at each meeting.
According to a JETRO survey, more than 70% of Japanese companies had achieved profitability in India as of 2024, and India is increasingly being recognized as a market that can be successfully entered. The analysis indicates that the significance of the third boom is growing against the backdrop of stronger cooperation between Japan and India.