Context
Seventy years after diplomatic relations were established, here in India today, a metro system built with the support of Japanese official development assistance (ODA) is in operation, cars built by Japanese companies run on the streets, and a high-speed rail will make its debut in the future.
Relevance
GS-II: Bilateral, Regional and Global Groupings and Agreements involving India and/or affecting India’s interests.
Dimensions of the Article
- The realization of new form of capitalism
- Challenges to global order.
- Future of India- Japan relations
- Way Forward
The realization of new form of capitalism
- Japan has been concentrating on measures to overcome Covid-19, and working towards the realization of a “new form of capitalism” that will revive the economy through a virtuous cycle of growth and distribution.
- As part of such measures, it is focusing on finding solutions to various social challenges, including digital, climate change and economic security in the growth strategy.
- For Japan, India is certainly the best partner to have when seeking to realize a “new form of capitalism,” as showcased in India’s contribution in response to the global health crisis as a major manufacturing base, leadership in decarbonization efforts, including through the International Solar Alliance, engagement in advanced digital society initiatives such as Aadhaar, and the promotion of economic security initiatives, including measures for supply chain resilience.
Challenges to the global order
- Russia’s invasion of Ukraine is a clear violation of international law as well as an attempt to unilaterally change the status quo by force.
- Upholding the core principles of the international order is indispensable from the perspective of diplomacy and security in the Indo-Pacific, where the situation has been rapidly worsening.
- In the recent Japan-Australia-India-US (Quad) Leaders’ Video Conference, leaders concurred that any attempt to unilaterally change the status quo by force, such as this time, must not be tolerated in the Indo-Pacific region.
- There is a challenge of protecting the rules-based international order, building resilient supply chains and reinvigorating the economy.
- We need strategies to respond to new international challenges like cybersecurity and climate change.
- Both Japan and India are committed to taking bold measures to tackle such challenges.
Future of India-Japan relations
- People to people contact: Although the Covid-19 situation remains challenging, people-to-people exchanges between two countries are also being advanced.
- Cooperation in security: Cooperation has also taken great strides in the area of security, including joint exercises between the Japan Self-Defense Forces and the Indian Armed Forces.
- Quad: Cooperation is also rapidly developing between Japan, Australia, India and the United States, four countries that share fundamental values, and the next leaders’ summit is under coordination.
- Cultural bond: As the name “Special Strategic and Global Partnership” suggests, Japan-India relations have evolved into an inclusive and multi-layered relationship based on cultural bonds, firm friendship, and common universal values.
Way Forward
As Japan’s prime minister comes on visit to India, his visit to India will open a new chapter in bilateral relations that will deepen the “Japan-India Special Strategic, and Global Partnership” even further.
Source – The Hindu
