India and South Korea Commit to Expanding Trade to $50 Billion by 2030 Amid Geopolitical Challenges
India and South Korea have reaffirmed their goal to increase bilateral trade to $50 billion by 2030, a target set in 2018. However, trade growth has been slow, with a compound annual growth rate of only 3% from 2018 to 2025, reaching $26.89 billion. Challenges such as regulatory delays and policy unpredictability are hindering progress.
Topics: Economic Cooperation India-South Korea Trade Semiconductors Supply Chain Diversification Trade Targets