India Korea Ties | India, South Korea Eye $50 Billion Trade Milestone By 2030

India and South Korea have unveiled an ambitious roadmap to deepen their strategic partnership, with Prime Minister Narendra Modi and President Lee Jae-myung announcing a target to scale bilateral trade from $27 billion to $50 billion by 2030. Key initiatives include the launch of an India-Korea Financial Forum, an Industrial Cooperation Committee, and a new Economic Security Dialogue aimed at strengthening collaboration in critical technologies and supply chains. The two nations will also establish Korean industrial townships in India and upgrade their trade agreement within a year. A major focus is on future-facing sectors - AI, semiconductors, shipbuilding, clean energy, and defence - alongside the launch of an India-South Korea Digital Bridge to boost innovation and connectivity. Cultural ties are also set to expand, with a Friendship Festival planned and growing exchanges in cinema, education, and tourism. Amid global uncertainties, both leaders emphasised their shared commitment to peace, stability, and a free and inclusive Indo-Pacific, positioning the partnership as a key driver of growth and cooperation in the years ahead. #PMModi #LeeJaeMeung #IndiaKoreaTies #IndiaSouthKoreaRelations #IndiaSouthKoreaTies