본문으로 바로가기

발간물

KIEP Opinions

인쇄
목록으로

India’s Rising Significance in Korea’s Economic Landscape

   In 2022, India ranked 11th in Korea’s trade, 22nd in overseas investment, and 76th in development financing. These numbers suggest that India has been at the periphery of Korea’s international economic radar. This situation is about to change in a spectacular way. Consider three cases: (1) Hyundai is planning to expand its car production capacity from 700,000 to 1 million by the mid-2020s in India, where its largest overseas production base is situated. (2) Samsung has increased India’s share of its mobile phone production to around 20%. In India, Samsung is now producing high-end models and investing heavily in R&D. (3) The Korean government plans to rapidly expand development financing for India. The budget will increase ten-fold in 2024. The increase will be the largest among Korea’s priority partners, increasing India’s rank from 25th in 2022 to 7th in 2024. These three cases are important signals that suggest Korea has begun to make a big bet on India. Korea sees India as a competitive manufacturing base, a vibrant innovation hub, and a key strategic partner. Korea tends to take its time in considering a change of direction, but when it decides, it moves quickly. We are about to see this pattern repeated in Korea’s sprint to India.
첨부파일

이전글 다음글 목록

공공누리 OPEN / 공공저작물 자유이용허락 - 출처표시, 상업용금지, 변경금지 공공저작물 자유이용허락 표시기준 (공공누리, KOGL) 제4유형

대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조

콘텐츠 만족도 조사

이 페이지에서 제공하는 정보에 대하여 만족하십니까?

콘텐츠 만족도 조사

0/100