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Sign in to searchIndia–South Korea Economic Partnership (2026 Roadmap)
India and South Korea have unveiled a comprehensive economic roadmap under their Special Strategic Partnership to deepen trade, technology, and industrial cooperation. The initiative follows high-level engagement between Prime Minister Narendra Modi and President Lee Jae-myung, reflecting a shared vision of resilient and future-oriented economic ties.
Salient Features: Both countries aim to increase bilateral trade from about $27 billion to $50 billion by 2030. A key priority is upgrading the Comprehensive Economic Partnership Agreement to address trade imbalances and improve market access for Indian exports. Plans include establishing Korean Industrial Townships in India with plug-and-play infrastructure to attract SMEs. Digital payment systems (UPI and Korean platforms) will be linked to ease transactions. Cooperation in shipbuilding and maritime logistics includes developing a greenfield shipyard in southern India.
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India-South Korea 2026 roadmap targets $50B bilateral trade via CEPA upgrade, industrial townships, semiconductors, and defence cooperation for Indo-Pacific supply chain resilience.
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