The objective of this study is to analyze the possibility of development of Indian industry and to use the study as a basis to propose direction and action plans for Korea-India industry cooperation. The analysis of industry is centered on steel and metal, electronics, automobiles and components, petro chemicals, textiles, and machinery, observes the commercial policies, industrial growth, trade structures, and potential for growth. The correlation between Indian and Korean industry will be analyzed using econometric and comparative methodology, and a proposal for bilateral industrial cooperation will be introduced. (The rest is omitted.)