India, Canada to more than double trade to $70 bn
Canadian International Trade Minister Maninder Sidhu announced on Thursday that the bilateral trade relationship between Canada and India aims to double from USD 30 billion to USD 70 billion within five years. The ongoing free trade negotiations are expected to be finalized in the coming months, according to Sidhu, who spoke at the 2026 G20 Trade Ministers Meeting in Milwaukee.
Canada is currently the largest collective investor in India, with over USD 100 billion invested in the country. The minister emphasized Canada's interest in energy and critical minerals, which form the cornerstone of the strategic economic alignment between the two nations. India's economy is projected to grow at 7% year-over-year, requiring 70% more energy by 2035, and Canada aims to contribute by helping build India through cooperation in various sectors such as infrastructure, mining, and energy.
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