The tsunami created by select firms and industries in the USA engulfed several countries in Europe and other parts of the world. While not hitting negatives in India, growth was severely affected. As several parts of world face stagnation, a dynamic Asia provides the best opportunity for India to catch-up on growth. Western Asia has been a major focus for India for people and trade exchanges. Now the manufacturing hub and technologically leading East Asia deserves equal attention.
Among East Asian countries, natural synergies are stronger, with some having shared values such as democracy. An excellent role model of sustainable development in a large country—Japan—has rich historical and recent relations with India (Momaya, 2008). Centuries old exchanges (e.g. Buddhism) have been reviving through more than 60 years of diplomatic relations in short post- independence history of India. The high importance the two countries assign to each other is reflected in India-Japan Global Strategic Partnership (initiated in early 2000s). India can complement through intellectual youth to Japan-related technology and capital flow worldwide.
Having been working on India-Japan cooperation for decades, we have been sowing seeds of cooperation for aspiring and capable youth. Several initiatives were experimented at IIT Delhi and new ideas are being evolved at the SJM School of Management, IIT Bombay. Pl. visit this space to know more.
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