To boost manufacturing, India need not choose between Japan and China

Last week, Japanese Prime Minister Sanae Takaichi led a business delegation to New Delhi for the 16th India-Japan annual summit. During last year’s summit in Tokyo, Takaichi’s predecessor, Shigeru Ishiba, and Indian Prime Minister Narendra Modi outlined the Japan-India Joint Vision for the next decade – during which period India may see up to 10 trillion yen (US$62 billion) in investment from Japan.
Some of Japan’s most notable investments in India have been in the financial sector. Japanese...