India and South Korea Aim to Double Bilateral Trade to $50 Billion by 2030
South Korean President Lee Jae Myung and Indian Prime Minister Narendra Modi met this Monday to strengthen economic ties, marking the first South Korean presidential visit to India in nearly a decade. The two nations aim to elevate bilateral trade to $54 billion by 2030, leveraging India's status as the world's fastest-growing major economy.
The upgraded Comprehensive Economic Partnership Agreement (CEPA) includes 15 new documents targeting cooperation in clean energy, AI, critical minerals, semiconductors, and digital trade. This move aligns with broader global trends as major economies seek deeper engagement with India's expanding market.