India is an ideal destination for Japanese businesses’ search for yield-driven growth, driven by an ultra-easy monetary policy and historic deflation at home. From 2000 to September 2023, Japanese foreign direct investment (FDI) in India was USD40.84 billion. In pursuit of its environmental goals, India aims to achieve 500GW of non-fossil fuel power generation capacity, a significant increase from its current capacity of approximately 185GW.