India-Japan trade hits USD 27.5 billion, Goyal urges investment

India-Japan bilateral trade reached USD 27.5 billion in FY 2025-26, with Japan now India's fifth-largest source of FDI. Commerce Minister Piyush Goyal invited Japanese businesses to deepen investments, highlighting Japan's target of 10 trillion yen in India over the next decade. He cited ongoing projects like the Mumbai-Ahmedabad High-Speed Rail and 1,400 Japanese companies operating in India.