India, Japan can collaborate in chips, rare-earth & AI, says RBI chief

by IANS |

New Delhi, Nov 9 (IANS) There are many collaboration opportunities between India and Japan in semiconductors and resilient supply chains, rare-earths extraction, space technology, artificial intelligence, quantum computing, said RBI Governor Shaktikanta Das in Tokyo on Thursday.

“Our partnership could also be potentially strengthened in the sphere of human resources. I am sure the future offers limitless possibilities to deepen our engagements for the benefit of our people and the entire world,” Das said in his address at the Tokyo chamber of commerce and industry.

India has become the new engine of global growth with its young demography1, improving physical and digital infrastructure and above all, an enabling policy environment. In this context, Japan and India continue to be natural partners, he added.

“We look up to the Japanese 'Economic Miracle' as a learning opportunity as we prepare the ground to uplift India’s growth trajectory. Japan has played a critical role in infrastructure building in India through several public and private sector partnerships,” Das said.

“To seize the moment, India looks at Japan as a close partner to usher in a new era of growth and prosperity, for both our countries,” he added.

Highlighting the strengths of the Indian economy, the RBI Governor said while the country’s growth remains on track, inflation is on a path of moderation, though it is still above the target. The balance sheets of banks and corporates are healthiest in a long time and with the public investment push by the government, they create favourable conditions for a sustained revival in investment.

“Consumer confidence, as evident from our surveys, is on a rising trajectory since the pandemic lows. Our external sector inspires confidence as we are reaping export opportunities in the services sector; our current account deficit remains eminently manageable; and we have bolstered our forex reserves to deal with potential eventualities,” he added. 

Latest News
You always have to give yourself A chance: Rafael Nadal Fri, Dec 08, 2023, 11:03 AM
KCR admitted to hospital after minor injury Fri, Dec 08, 2023, 10:38 AM
Indian-origin professor in Australia honoured with top microbiology award Fri, Dec 08, 2023, 10:33 AM
Philippines school blast's suspect arrested Fri, Dec 08, 2023, 10:32 AM
It's time now for Instant T20 Cricket - Let's sit back and enjoy it Fri, Dec 08, 2023, 10:29 AM
3.8 magnitude quake felt in Meghalaya Fri, Dec 08, 2023, 10:25 AM
Air quality remains 'very poor', Delhi records min temp of 9.4 Fri, Dec 08, 2023, 10:16 AM
PM Modi to visit Varanasi on Dec 17-18 Fri, Dec 08, 2023, 09:56 AM
Allahabad HC irked over 'property dealings' by lawyers Fri, Dec 08, 2023, 09:50 AM
Congress gives adjournment notices in LS Fri, Dec 08, 2023, 09:48 AM
Afghanistan to tour UAE for a three-match menís T20I series in late December Thu, Dec 07, 2023, 04:41 PM
Exposure to PFAS may affect bone health in adolescents & young adults Thu, Dec 07, 2023, 04:40 PM
Arthritis drug shows promise against Type 1 diabetes Thu, Dec 07, 2023, 04:39 PM
'Why was treatment denied to 14-yr-old cancer patient?' Delhi Minister to Chief Secy Thu, Dec 07, 2023, 04:39 PM
Nissan investigating cyberattack targeting systems in Australia, New Zealand Thu, Dec 07, 2023, 04:38 PM