India-Canada: An Economic Overview

The recent tension between India and Canada has raised a few heads.  Let’s explore its economic overview>>

Complementary Trade Dynamics

India and Canada deal in distinct products, ensuring steady trade growth unaffected by day-to-day events.

Impressive Bilateral Trade

Trade surges, hitting $8.16 billion in 2022-23. India exports pharmaceuticals, gems, and textiles; while Canada supplies pulses, timber, and more.

Thriving Investments from Canada

Canadian pension funds invest over $45 billion in India, investing in companies like ICICI Bank, Kotak Mahindra, Paytm, Zomato, Nykaa, Wipro, Infosys, and more.

Diverse Investment Sectors

Key sectors for Canadian pension funds include infrastructure, renewable energy, tech, and financial services, with investments in major Indian companies.

Flourishing Educational Partnership

Over 3.19 Lakh students are enrolled in Canadian institutions, Indian students contribute significantly to Canada's economy, ensuring a resilient relationship.

Source: Economic Times