India Series

By pjain      Published April 2, 2021, 6:44 p.m. in blog Geo-Politics   

Category: Geo-Politics  Sector: Finance - Seq: -192

India , India-2030

India 4 US

Global Elite, NRIs POV

Indian Startups

India Investing 101

Economics, Macros

Inv by Sector

India Globals, Politics

Politics

GEO, Foreign Relations

Reforms

PSUs, Corruption

SCR -----

TOC India Trade

South Korea-India Trade

  • Korea Miracle
  • GDP growth from $2.3b'1962 to $1t+ 2019
  • Transition Ag 2%, Manuf 26%, Services 54%
  • Major trade partners China/HKO, US, Japan, Vietnam, Taiwan, Australia, Germany, Singapore, Indonesia
  • Imports of Commodities - Saudi Arabia
  • Tops in Shipbuilding #1, Semiconductors/Electornics - #3, Auto maker 5m/year

Year | Total$b | FDI to India | FDI to SKorea | India%SKorea ------|-----------|----------------|------------------|------------------| 2001| | | | 0.8% 2010| $17.6+40%| | | 0.8% 2011| $20.6 | | | 0.8% 2018| $21.5 | $1b | | 1.9% 2019 | | $8b cum | $4b |

  • India-S.Korea Basics - India share in S.Korea only 1.9% in 2018
  • S. Korea exports: Auto parts, telecom equipment, speciality refined product
  • India Exports Core - 54% Commodities/Ag cerieals/Primary goods
    • Naptha and other "commodity" refinery products comprise 22%+ of Indian exports!
  • India Exports Rising: Industrial Products, IT, Software, Services

  • India Imports - Semiconductors

  • Cell Phones/Autos/major consumer goods exports

  • Hyundai 650k/yr TN
  • Kia Motors $1.6b AP 300k cars/yr
  • Samsung Noida doubled from 70m to 120m phones,TN factories, 5 R&D and $1b+ investment
  • LG Electornics 2 factories
  • LG/Vedanta LCD factory Maharastra

  • POSCO steel mills in Maharastra

  • CEPA wef 1/1/2010 - Korea's first FTA MFN full of weaknesses

  • Bilateral to reduce tariffs on 90% of India
  • While huge 40% bump in 1st year, Total trade declining a lot -15%/year for 4 years, then stagnated in next 5 years
  • Gold abuses by S.Korea on zero-tariff tried to bypass 10% import duties

  • S.Korea has restrictive import policies for fruits and vegetables fresh foods

  • CEPA 2015 - Trade treaty Amended by Modi of Original

  • $50b bilateral trade goal by 2030
  • Shipbuilding collab - eg Shipyard of Hyundai Heavy Industries in Ulsan
  • Electronics
  • ROK to invest $10b in India

China-India Trade

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