India and Japan Target 50 Billion Dollars in Trade by 2030

India and Japan are targeting a bilateral trade volume of 50 billion dollars by 2030, an increase from 27.47 billion dollars in 2025-26. Piyush Goyal, India's Union Commerce and Industry Minister, announced the projection during a startup roundtable in Tokyo while releasing a report by the Associated Chambers of Commerce and Industry of India titled "India-Japan @75 from Enduring Friendship to Strategic Business Partnership."

The report indicates that India currently accounts for less than 1 per cent of Japan's global imports, leaving significant growth opportunities in electronics, chemicals, pharmaceuticals, and marine products. To reach the 2030 goal, the Associated Chambers of Commerce and Industry of India recommends diversifying exports toward higher-value products, reducing non-tariff barriers, and upgrading the 15-year-old Comprehensive Economic Partnership Agreement.

Complementing these trade goals, the Government of Japan has committed 10 trillion yen in investments in India over the next decade. Minister Goyal met with executives from Mitsubishi UFJ Financial Group and Toyota Tsusho Corporation to discuss specific investment opportunities in insurance, banking, and mobility.