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Bilateral cooperation in IT and IT-enabled services between India and Korea in the post-CEPA Era : Potential and challenges

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Bilateral Cooperation in IT and IT-enabled Services between India and Korea in the Post-CEPA Era: Potential and Challenges1)
several product lines and services, and created scope for foreign direct investments (FDI) in both economies. FDI by Korea in India has almost doubled in the four-year period from US$ 68 million in 2007 to US$ 132 million in 2011. Likewise, Indian firms are increasingly becoming active by investing in diversified sectors of the Korean economy. While the early harvest gains from this expanded market access is more visible in merchandise trade, the future of trade in services between the two economies appears to be more promising. In particular, the information technology sector provides ample scope for enhancing two-way trade especially in the areas of software, Business Process Outsourcing (BPO) and other IT-enabled services (iTeS).
1) This paper is an upgraded version of the seminar presented by the author at KIET, Seoul on December 18, 2012 during his tenure as Visiting Fellow under the Asia Development Fellowship by the Asia Foundation, Korea.
May / June┃2013┃Vol 18┃No 3
45
2. Brief Sketch of the IT Sector in India and Korea
(1) India
The IT and ITeS services account for 5.8 per cent of GDP and employ 7.5 million people. The sector is heavily export driven with exports constituting two-thirds of the overall revenues of IT-ITeS sector. Within the IT sector, ITeS and BPO are the fastest growing segments in both domestic and export markets. The c


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Title Bilateral cooperation in IT and IT-enabled services between India and Korea in the post-CEPA Era
Similar Titles
Sub Title

Potential and challenges

Material Type Reports
Author(English)

Dash, Priyadarshi

Publisher

[Seoul]:Korea Institute for Industrial Economics and Trade

Date 2013-05
Journal Title; Vol./Issue KIET Industrial Economic Review: Current Issues:vol. 18(no. 3)
Pages 14
Subject Country India(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Industry and Technology < IT
Holding KIET; KDI School