Japanese investment in India to create 3.61 lakh jobs by 2023: NASSCOM

According to a report released by NASSCOM in partnership with Nomura Research Institute, 3,61,000 tech jobs are expected to be created by the Japanese investment in India by 2023. As per the report, Japanese investments have grown over 4 times since 2016 creating 102,200 so far. This number is expected to increase by more than 100% over a couple of years. Startups alone will account for more than 80% of these jobs.

Japanese have invested around $9.2 billion into Indian IT between 2016 and 2021. Large investors like Softbank are playing a major role. India is viewed as a reliable partner for accelerating the country’s digital growth by the Japanese investors, that s why they started investing heavily in Indian technology start-ups in 2016.

Major attractions for the investors are the start-ups in the fintech, healthcare, and mobility sector followed by E-commerce, enterprise, and real estate. Yasuyuki Murahash, Chief Director General of JETRO said that the growth of India’s digital sector has been remarkable under COVID and the Indian ecosystem is grabbing the attention of many Japanese investors. Responding to her, Debjani Ghosh, President of NASSCOM said that this increase in the investment by Japan is a testament to India’s performance and expertise.