India and South Korea Forge Strategic Partnership for Economic Growth by 2047
India aims for a $5 trillion economy by 2027, with South Korea as a key partner in achieving its 2047 development goals. The two nations have established a roadmap for expanding cooperation in trade, technology, and defense, targeting $50 billion in bilateral trade by 2030.
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India and South Korea have formalized an expanded Special Strategic Partnership, focusing on trade, defense, technology, and cultural exchanges. The Indian government envisions a $5 trillion economy by 2027 and $30 trillion by 2047, with South Korea highlighted as a crucial partner in this transformation.
The partnership includes a Joint Strategic Vision and agreements on sustainability, energy security, and an Economic Security Dialogue centered on supply chains. Notably, the two countries aim to double bilateral trade from $25 billion to $50 billion by 2030.
The collaboration on emerging technologies such as AI and semiconductors is also emphasized, alongside cultural exchanges set to continue until 2030. This strategic alignment may enhance regional stability and economic interdependence.
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