Sun rising on India's infrastructure

The Japanese government is funding a large chunk of key core sector projects in India

Much has been written, and much hand-wringing has taken place, about China’s impact on the Indian economy. The dramatic expansion of India-China trade in the last few decades, and the influx of cheap goods, has had dramatic effects on industry in this country. There is hardly any sector in this country that has not had to reckon with the real, immediate effects of the Chinese economic model.

Yet, when it comes to infrastructure, it is not China, but Japan, which, in recent years, has acquired the potential to transform the sector. With headline investments such as the Ahmedabad-Mumbai bullet train project