The recent tension between India and Canada has raised a few heads. Let’s explore its economic overview>>
India and Canada deal in distinct products, ensuring steady trade growth unaffected by day-to-day events.
Trade surges, hitting $8.16 billion in 2022-23. India exports pharmaceuticals, gems, and textiles; while Canada supplies pulses, timber, and more.
Canadian pension funds invest over $45 billion in India, investing in companies like ICICI Bank, Kotak Mahindra, Paytm, Zomato, Nykaa, Wipro, Infosys, and more.
Key sectors for Canadian pension funds include infrastructure, renewable energy, tech, and financial services, with investments in major Indian companies.
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