South Korean President Moon Jae-in on Monday expressed the hope that his forthcoming summit here with Prime Minister Narendra Modi will help to take bilateral economic relations to the next level.
The Centre is "serious" about the implementation of its Act East policy, President Ram Nath Kovind said.
Modi left for India after concluding his significant and successful three-nation visit to Indonesia, Malaysia and Singapore.
Modi handed over the Padma Shri, India's fourth highest civilian honour, to former Singapore diplomat Tommy Koh.
Modi stressed the importance of ensuring the freedom of navigation in Asian waters for free trade, days after pledging to help develop a strategic port in Indonesia.
4. Taking their bilateral relationship into a new era, India and Indonesia agreed to establish a new Comprehensive Strategic Partnership and condemned terrorism.
India will endeavour to have a "balanced" RECP trade agreement as it would cover 40% of the global GDP and over 42% of the world's population, a govt official said.
Modi arrived here on the first leg of his 3-nation tour to East Asia during which he will also travel to Malaysia and Singapore to further boost India's Act East Policy.
India has ranked 4th out of 25 nations in the Asia-Pacific region on an index that measures their overall power, with the country being pegged as a "giant of the future".
With India increasing its engagements with Southeast Asia under Act East Policy, Sushma will chair an interactive session with the CMs of all eight northeastern states.