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flag India and South Korea aim to boost trade to $50 billion by 2030 during talks in New Delhi on March 14, 2026.

flag On March 14, 2026, India’s Commerce Minister Piyush Goyal met South Korea’s Trade Minister Yeo Han-Koo in New Delhi to strengthen economic ties, focusing on boosting trade, investment, and supply chain collaboration. flag Both nations reaffirmed their commitment to increasing bilateral trade to $50 billion by 2030, with current trade at $26.89 billion in FY25. flag South Korea is India’s 13th largest FDI source, contributing $6.69 billion since 2000, primarily in automobiles, electronics, and healthcare. flag India exported $5.82 billion in goods to South Korea in FY25, including engineering goods, petroleum products, chemicals, and pharmaceuticals.

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