708-Chaudhari Technical Institute, Gandhinagar - Gujarat ...

employment of highly-skilled personnel. It is aimed to put this system
into operation from the FY2011. 1
A "program for promoting Japan as an Asian industrial center and
direct investment into Japan" (tentative name) will be drawn up by the
end of 2010. This program will include reforms to systems and other
measures to ensure smooth flows of people, goods and funds, with the
aim of making Japan's business environment more appealing.
4. TRADE RELATIONS
India’s exports to Japan more than doubled from US$2.5 billion in 2005-06 to
US$5.2 billion in 2010-11, growing at the average rate of 16 per cent per
annum. However, the share of Japan in India’s global exports shrank from
2.4 per cent in 2005-06 to 2.1 per cent in 2010-11. As a result, Japan slipped
from the 10 th to 12 th position in India’s exports over the last five years. India’s
imports from Japan nearly doubled from US$4.1 billion in 2005-06 to US$8.1
billion in 2010-11,with an average rate of growth of 14.9 per cent per year.
However, the share of Japan in India’s global imports declined from 2.7 per
cent in 2005-06 to 2.3 per cent in 2010-11. Consequently, Japan’s position in
India’s imports slipped significantly from the 10 th to 16 th over the last 5 years.2
Total trade between India and Japan had been low at US$13.3 billion in 2010-
11 as against India’s trade with the US at US$43.2 billion and that with its
now, the biggest trade partner,China, at US$59.2 billion . India’s trade with
China recorded an annual average compound 1growth rate of 27.4 per cent
during 2005-96 to 2010-11 against 15.3 per cent for India-Japan trade and 10
per cent for India-US trade.
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