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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
India-South Korea summit may mark turning point in ties, ...
2026-04-20 · via Economy News, Latest Economic News Today | The HinduBusinessLine
External Affairs Minister S. Jaishankar calls on South Korean President Lee Jae Myung, in New Delhi on Sunday, April 19, 2026.

External Affairs Minister S. Jaishankar calls on South Korean President Lee Jae Myung, in New Delhi on Sunday, April 19, 2026. | Photo Credit: ANI

South Korean President Lee Jae-myung, during a meeting with the Korean community, stated that the upcoming summit could represent a significant milestone for bilateral ties. The President noted that the “summit could mark a turning point, elevating Korea-India relations to an entirely new level.” His remarks come at a time of deepening economic and strategic cooperation between the two nations. Highlighting India’s evolving role in the international arena, President Lee emphasised that “India is no longer just a consumer market, but has emerged as a key country driving global production and supply chains.”

Visit highlights growing strategic partnership

This visit underscores Seoul’s commitment to strengthening partnerships in South Asia as India continues to position itself as a central hub for global manufacturing and logistical networks. President Lee arrived in the national capital on Sunday for a three-day state visit, marking the first time a South Korean leader has visited India in more than eight years. According to the Ministry of External Affairs (MEA), the visit represents an “important milestone” in furthering the “India-South Korea Special Strategic Partnership.”

High-level engagements and ceremonial events

President Lee, who assumed office in June 2025, began his official engagements by holding a meeting with External Affairs Minister S Jaishankar. This diplomatic interaction preceded a ceremonial reception scheduled at Rashtrapati Bhavan on Monday, after which the President will visit Rajghat to pay tribute to Mahatma Gandhi.

Focus on semiconductors, defence and green energy

The focal point of the state visit remains the bilateral summit between President Lee and Prime Minister Narendra Modi at Hyderabad House. These high-level discussions are anticipated to centre on broadening cooperation in critical sectors such as semiconductors, defence manufacturing, and green energy.

Trade and CEPA review on agenda

Beyond strategic security, the two leaders are also expected to discuss trade relations, specifically regarding the “Comprehensive Economic Partnership Agreement (CEPA).” Following the summit, both sides are slated to issue a joint press statement to outline the future trajectory of the relationship.

Decade of expanding cooperation

Reflecting the economic weight of the visit, President Lee is also set to participate in a business forum at Bharat Mandapam and will later call on President Droupadi Murmu.

The foundation for these talks rests on a decade of cooperation, as the relationship between New Delhi and Seoul was upgraded to a “Special Strategic Partnership” in 2015. Since that elevation, bilateral cooperation has expanded significantly across various domains, including infrastructure, technology, and manufacturing.

Published on April 20, 2026