India’s Foremost Trade & Investment Magazine

India-Canada: A missed opportunity

Country Focus, Global Edition- March 2018
by India Inc. Staff
The recent India visit of Canadian Prime Minister Justin Trudeau failed to hit the right note for investment potential.

For two economies as culturally interlinked as India and Canada, the intensity in trade ties have always flattered to deceive. In 2017, bilateral trade between the two nations stood at $8.4 billion with India having a trade deficit of approximately $2 billion. Trade has grown since 2010, when it was just $3.21 billion, but it still does not reflect the true potential. India accounts for only 1.95 per cent of Canada's global trade.