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Understanding Abe’s win

delhi Updated: Jul 23, 2013 01:39 IST
Pramit Pal Chaudhuri
Pramit Pal Chaudhuri
Hindustan Times
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Japanese PM Shinzo Abe’s weekend victory gives him majority to carry out radical economic and diplomatic reforms. What could his victory mean to India?

Economic Market
Abe is committed to opening up inefficient and protected service and farm sectors. India Inc could be a major beneficiary. Reforms should make it easier for foreign players to enter the IT and IT-enabled services market, both dominated by the sort of customised software that is Bangalore’s forte.

Nuclear Agreement
India believes Abe’s control of parliament opens the door for the passage of an Indo-Japanese civil nuclear pact. This is essential: Japanese nuclear components are in every French and American reactor. Without a Japanese agreement, India’s plans to import state-of-the-art reactors will be stillborn.

Investment Source
Japan Inc is looking for alternatives to China as relations between these two countries deteriorate

Military Partnership
Abe wants to wean Japan off its postwar pacificism. With parliament on his side, he can move forward on doubling Japan’s defence budget and seeking new defence partners to counter China. Abe sees India as a partner in all of this.

Reviving Japan
India’s greatest geopolitical challenge is China’s rapid rise. Delhi’s security would be best served by a multipolar Asia. A revived Japan would help counter China.