Since independence in 1947 Indians have looked mostly to the West for economic inspiration. The country has sent millions of expats to the US and Britain, and has developed ties with Western companies eager to tap into the huge Indian market. But things are changing.
Already, Prime Minister Narendra Modi, who took office in May, has built a strong relationship with Japan’s Shinzo Abe — riding a huge influx of interest from the East Asian nation’s entrepreneurs and executives.
Despite a high-profile exodus of Western companies from India, a GlobalPost analysis reveals that Japanese, Korean and Singaporean applications for business visas have shot up in the last year. American and British applications have remained flat.
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