Indians are taking advantage of the world's oldest Japanese economy

World's oldest economy: There are total 197 countries in the world. Some of which the economy of the country is very good while the condition of some is bad. If the economy of the country is good then it can be said that the country is developing. Also, if the economy of the country goes haywire then a situation of poverty arises in the country. But do you know what will be the situation when the economy becomes old and the country whose economy is very old.

Japan's economy is aging

Japan is an old country. Most of Japan's population is facing the crisis of aging. Which is affecting the economic development of the country. Besides, the increasing age of Japanese people also shows that the Japanese economy is the oldest economy. Due to the recent recession in Japan, Japan has also lost its position as the third largest economy in the world.

Japan was on the verge of becoming the world's largest economy

According to IMF data, Japan's economy was worth $6.3 trillion in 2012, which is now declining. The local currency yen has weakened from 80 to 140 against the US dollar, due to negative interest rates (i.e. it is expensive for depositors to deposit money in the bank) from the government and the central bank. The yen's weakness is fueling a growing export-based economy. Japan's population is declining, the birth rate is low and it has one of the largest elderly populations in the world. One-third of the country's population is above 65 years of age, so the economy is growing at about 0.2 percent to 1 percent. Over the past decade, household purchases and purchasing power of people have declined significantly and due to this the size of the economy has also declined.

Japan is the fifth largest investor

Due to the increasing age of Japanese people, the government there is giving opportunities to people from other countries. Indians are also taking advantage of this. Between April 2000 and September 2022, Japan has invested about US $ 38 billion in FDI in India. With this, Japan has become the fifth largest investor country for India. Also, Japan's economy is expected to grow at the rate of 1.9 percent in the year 2023.

What is the status of India's economy?

If we look at the Indian economy, our country is still young. Most of the population here is young. This is the reason why India is also among the fastest developing countries.