PM Modi–President Lee announce $50 billion trade target

What happened:

On April 20, Prime Minister Narendra Modi welcomed Lee Jae-myung during his state visit to India, with both leaders overseeing the exchange of multiple MoUs following delegation-level talks.

Why it matters:

The talks signal an upgrade of India–South Korea ties towards a “futuristic partnership,” with expanded cooperation across trade, technology, and supply chains, alongside a target to boost bilateral trade to $50 billion by 2030.