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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 and South Korea eye expanding ties on economic, cul...
ANI · 2026-06-17 · via Economy News, Latest Economic News Today | The HinduBusinessLine
File photo: Prime Minister Narendra Modi with South Korean President Lee Jae-Myung in New Delhi on April 20, 2026.

File photo: Prime Minister Narendra Modi with South Korean President Lee Jae-Myung in New Delhi on April 20, 2026. | Photo Credit: SHIV KUMAR PUSHPAKAR

Prime Minister Narendra Modi met South Korean President Lee Jae-Myung on the sidelines of the G7 Summit on Tuesday. The leaders discussed deepening ties across trade, commerce and futuristic sectors.

Soon after meeting PM Modi, the South Korean President noted in a post on X that the two countries are eyeing to deepen the scope of their collaboration. "Prime Minister Modi and I have agreed to strengthen cooperation in all aspects--economic, cultural, and social--between Korea and India going forward, and to develop our two countries into a new relationship," Myung said.

In the meeting between the two leaders, Prime Minister Narendra Modi recalled the South Korean President's visit to India and expressed optimism on strengthening ties across emerging sectors.

South Korean President Lee Jae-myung visited India earlier in April, where the leaders agreed on the Joint Strategic Vision for implementing and adding further content to the India-ROK Special Strategic Partnership in the next five years (2026-2030).

The G7 Summit, taking place in the French resort town, saw world leaders discuss key geopolitical developments across the world.

On Tuesday, while addressing the Outreach Session on "Forging New Partnerships and Rebuilding International Solidarity," PM Modi stressed the need for dialogue and diplomacy in resolving global conflicts.

Referring to recent developments in West Asia, he welcomed progress in peace efforts while expressing concern over the humanitarian and economic impact of the conflict.

"International partnerships and global solidarity can become meaningful only when we collectively address shared challenges. India firmly believes that the lasting resolution of tensions and conflicts in different parts of the world can only be achieved through dialogue, diplomacy, and international cooperation," he said.

Highlighting the significance of maritime security, PM Modi noted that disruptions to trade through the Strait of Hormuz had affected the global economy and emphasised the collective responsibility of ensuring safe sea routes and protecting seafarers engaged in international trade.

India attended the summit as a partner nation, marking its 13th participation in the G7 outreach process.

Published on June 17, 2026