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The Economic Times

Global Business / The Economic Times

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Automobiles biggest driver of India's export growth to Japan: Report

India's automotive exports to Japan have surged, becoming the primary growth engine and now representing 13% of shipments by FY26, up from 1% in FY21. This highlights deeper integration into Japan's auto supply chains. Meanwhile, Japanese firms continue to view India as a top investment hub, with most planning expansions. Despite rising exports, India's trade deficit with Japan has widened significantly due to faster import growth.

30 Jun 2026 11:45 pm