over the next five years in a deal that is expected to boost bilateral trade.

Kishida met his counterpart, Narendra Modi, in New Delhi during his maiden visit to India since assuming office. The two leaders held talks ranging from economy to security cooperation.
[...]
India says ties with Japan are key to stability in the region. The two nations, along with the United States and Australia, are members of the Indo-Pacific alliance known as "the Quad" that is countering China's rising influence in Asia. India is the only Quad member that has not condemned Russia's invasion of Ukraine.
[...]
The bilateral trade between India and Japan for 2019-20 crossed $11.87 billion, according to government data. India's exports from Japan amounted to $3.94 billion while India's imports from Japan stood at $7.93 billion.

In September, the Quad leaders announced Japan would work with India on a $100 million investment in COVID-19 vaccines [!] and treatment drugs.

Compared to other countries' market share in China's import market, South Korea's decline was relatively fast. Korea's share fell by 1 percentage point from 9.8% between 2012 and 2016 to 8.8% between 2017 and 2021. During the same period, the shares of six ASEAN countries -- Malaysia, Thailand, Indonesia, Singapore, Vietnam, and the Philippines -- and Taiwan rose 2.5 points and 0.8 points, respectively. The US figures, like Korea's, fell by 1 point. Japan and Germany fell 0.5 and 0.3 points, respectively, while France rose by 0.1 points and the UK's figures remained unchanged.
[...]
In 2020, the US blacklisted SMIC, the largest semiconductor foundry in China, and effectively restricted the export of semiconductor technology and equipment by domestic companies to China.