India sees Canada export opening amid US tensions
India sees potential to expand exports to Canada amid US tensions, according to analysis by Rubix Data Sciences. The two countries aim to increase bilateral trade to $50 billion by 2030, with negotiations for a Comprehensive Economic Partnership Agreement already in their third round. Canada's retaliatory tariffs on US products present an opportunity for Indian exporters.
India's goods exports to Canada rose to $4.7 billion in FY2026 from $3.8 billion in FY2022, while imports from Canada declined to $3.3 billion in FY2026. The export basket is shifting towards higher-value products, with pharmaceuticals, auto components, and diamonds gaining share. Indian companies already have an established presence in sectors like machinery, iron and steel, and electrical machinery, which could help capture a larger share of Canadian demand as businesses diversify away from US suppliers affected by tariffs.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
