VOLUME XLV 1~2
From the Chairman
New Year's Greeting
News in Brief
Pres. Moon and PM Modi Agreed To Strengthen Military Ties and Defense Industry Cooperation
South Korean President Moon Jae-in and Indian Prime Minister Shri Narendra Modi agreed to strengthen military ties and defense industry cooperation between the two countries. During their summit on Feb. 22, 2019. in Seoul, the leaders also agreed to complete the negotiations to upgrade their bilateral free trade pact at an early date, according to the Cheong Wa Dae.
After the one-to-one meeting and the expanded session involving their aides, the two leaders agreed to bolster bilateral military ties and defense industry cooper-ation and to better cope with the so-called Fourth Industrial Rev...
"India's Economy Has Been The World's Fastest Growing Major Economy, Surpassing China"
The economy of India is a developing mixed economy. It is the world's seventh-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks 139th in per capita GDP (nominal) with US$2,134 and 122nd in per capita GDP (PPP) with US$7,783 as of 2018. After the 1991 economic liberalization, India achieved 6-7% average GDP growth annually. Since 2014, with the exception of 2017, India's economy has been the world's fastest growing major economy, surpassing China.
The long-term growth prospective of the Indian economy is positive due to its young populat...