The Korea Trade Association has published its first statistical yearbook, compiling key economic, industrial, and social indicators for domestic companies looking to enter the Indian market. This initiative comes as economic cooperation between South Korea and India expands, providing a foundation for companies to analyze the local market more systematically.
On July 13, the Korea Trade Association's New Delhi office announced the release of the yearbook titled 'India 2026: Economic, Industrial, and Social Indicators.'
The yearbook organizes major indicators in areas such as economy, trade, prices, energy, logistics, labor, and education, along with year-on-year trends. It also includes economic and social indicators for 28 states and 8 union territories, allowing for comparative analysis of regional market characteristics and investment conditions.
India, with a population of 1.48 billion, is the world's largest market and ranks as the sixth-largest economy by nominal GDP. Over the past five years, it has recorded an average economic growth rate of 7.2%, emerging as a key growth market representing the Global South. The launch of the Korea-India Industrial Cooperation Committee in April and the establishment of the Korea-India Exchange Committee by the Trade Association further highlight the expanding economic collaboration between the two countries.
However, the statistical reporting in India is fragmented among the central government, state governments, union territories, and international organizations, making it challenging to compare and analyze data. The Trade Association explained that this yearbook aims to address these limitations by systematizing key statistics into a single volume, enabling companies to immediately utilize the information for export and investment strategy development.
In the trade sector, there is a growing demand for data-driven analysis of the Indian market, particularly as supply chain diversification and the 'China Plus One' strategy gain traction.
The Trade Association plans to publish updated editions of the yearbook annually, reflecting the latest statistics. Yoon Yong, head of the Trade Association's New Delhi office, expressed hope that the yearbook will assist South Korean companies in objectively analyzing the Indian market and refining their export and investment strategies.
* This article has been translated by AI.
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