A Finance Dialogue was held between India and Japan in New Delhi to exchange views on the macroeconomic situation, the financial system, financial digitalization, and investment environment. In this first India-Japan Finance Dialogue, Masato Kanda, Vice Minister of Finance for International Affairs of Japan, and Ajay Seth, Secretary of Department of Economic Affairs in the Ministry of Finance, led their respective sides. Since India-Japan relations have become increasingly significant in recent years, the dialogue has been elevated to the level of Vice Minister and Secretary.
Participants in this bilateral dialogue reaffirmed that they will continue to work closely together as they hold the G-20 and G-7 presidency next year. In addition to discussing various financial regulation issues, participants from private financial institutions discussed how to further expand investment in India. The two sides reached an understanding that they will continue their discussions about strengthening financial cooperation and bilateral relations as well as exploring the possibility of holding the next round of the Dialogue in Tokyo.