Korea-India Industrial Collaboration: Driving Shared Growth and Future Prosperity

Reji K. Joseph and Byungyul Park
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Reji K. Joseph: Institute for Studies in Industrial Development
Byungyul Park: Korea Institute for Industrial Economics and Trade

No 110, Occasional Papers from Korea Institute for Industrial Economics and Trade

Abstract: This volume represents the second collaborative publication produced under the KIET–ISID partnership, which seeks to promote policy dialogue and strengthen economic and industrial cooperation between Korea and India. While the previous volume, Reimagining India–Korea Economic Partnership: Pathways to Deepen Integration, focused primarily on identifying pathways to deepen economic integration between Korea and India, the present volume explores how the bilateral partnership can evolve toward a more comprehensive framework of industrial collaboration in response to changing global economic and geopolitical conditions.

Building on this foundation, the volume brings together contributions presented at the 3rd KIET–ISID Industrial Forum under the theme “Korea– India Industrial Collaboration: Driving Shared Growth and Future Prosperity.” The chapters examine key issues shaping the future of Korea–India economic and industrial cooperation and provide policy recommendations for strengthening bilateral collaboration.

The first part of the volume explores the evolving Korea–India economic partnership in the context of changing global economic conditions. The chapters examine foreign direct investment trends, emerging geopolitical challenges, and the implications of recent changes in the international economic order for bilateral cooperation.

The second part focuses on labor-intensive industries and digital transformation. These chapters discuss opportunities for cooperation in employment-intensive manufacturing sectors, SME development, and emerging digital technologies that can contribute to inclusive growth and industrial upgrading.26 Korea-India Industrial Collaboration: Driving Shared Growth and Future Prosperity The third part examines strategic industries that are expected to play an increasingly important role in the future of Korea–India cooperation. Particular attention is given to sectors such as shipbuilding and steel, where complementarities between the two economies create opportunities for long-term industrial collaboration.

The volume concludes with “The Way Forward,” which synthesizes the key findings and policy recommendations presented throughout the volume and proposes a framework for advancing Korea–India industrial cooperation in the years ahead.

We hope that this volume will contribute to a deeper understanding of the opportunities and challenges facing Korea–India relations and serve as a useful reference for policymakers, researchers, industry stakeholders, and all those interested in advancing a stronger and more resilient Korea–India partnership.

Keywords: Korea-India partnership; Korea-India trade; development cooperation; industrial cooperation; foreign direct investment; FDI; economic development (search for similar items in EconPapers)
JEL-codes: F13 F15 F21 F23 L52 (search for similar items in EconPapers)
Pages: 230
Date: 2026-07-31
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Published as KIET Occasional Paper No. 113

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