According to Yonhap News,

SEOUL, Sept. 7 (Yonhap) -- South Korea's exports to India jumped more than 30 percent in the first eight months of the year from the same period in 2025, driven by strong demand for semiconductors, a government agency said Monday.

Korean shipments to India rose 30.8 percent on-year to USD 16.8 billion from January through August compared to USD 12.84 billion last year, according to the Korea Trade-Investment Promotion Agency (KOTRA).

India is stepping up investment in artificial intelligence (AI), data centers and related infrastructure under its "Make in India" initiative, as it seeks to become a global manufacturing hub, KOTRA said.

Korean chipmakers and materials, parts and equipment companies have expanded their presence in the Indian market amid the country's industrial push, it said.

"The strong performance of exports to India clearly shows that Korean companies will have more business opportunities in the fast-growing market amid the ongoing reorganization of global supply chains," KOTRA President and Chief Executive Officer Kang Kyung-sung said.

KOTRA aims to help increase bilateral trade between South Korea and India to USD 50 billion by 2030, Kang said, with opportunities spanning sectors from semiconductors to consumer goods.

In April, President Lee Jae Myung held a summit with Indian Prime Minister Narendra Modi in India, where the two leaders agreed to accelerate negotiations to upgrade their Comprehensive Economic Partnership Agreement (CEPA), with a goal of doubling bilateral trade to USD 50 billion by 2030.

Imports from India rose 16.2 percent to USD 5.03 billion in January-August from USD 4.33 billion a year earlier, bringing total bilateral trade to USD 21.8 billion.

kyongae.choi@yna.co.kr



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Source: Yonhap News (September 07, 2026)