 "Prime Minister Narendra Modi greets Japanese Prime Minister Shinzo Abe during India-Japan Annual Summit at Mahatma Mandir in Gandhinagar, Gujarat.")
Visiting for the second time in the National Democratic Alliance (NDA) government tenure, Japanese Prime Minister Shinzo Abe signed 15 agreements with India, panning skill development, science, technology and even sports.
Though the India-Japan joint statement mentioned “enhancing free, fair and open trade”, the industry specific trade developments will take time to fructify. India’s trade with Japan fell 16 per cent in four years from 2013-14 to 2016-17, mostly on account of falling petroleum demand and prices.
Here, we take a look at India’s major imports and exports with Japan in recent years.
Petroleum products like liquid paraffin, mineral oils
