India – canada rift

Canada-India bilateral trade in goods reached nearly $12bn

Canadian dollars ($9bn US dollars) in 2022, a substantial 57
percent increase over the previous year, according to the Canadian
government.
Major imports from Canada include fertilisers and energy products such as coal, coke and
briquettes while India exports consumer goods, garments, engineering products such as auto
parts, aircraft equipment and electronic items.

Canada’s top exports to India in 2022 were fossil fuels and related
products worth nearly $1bn US, followed by fertilisers worth nearly
$748m, and wood pulp and plant fibres worth about $384m

Canada is the 18th largest foreign investor in India with an

overall investment of about $3,306 million from April 2000 to
March 2023.

The Canadian Pension Plan Investment Board (CPPIB) has

made several investments in India. The recent filings show
these investments totalled to over Rs 1 lakh crore.
CCPIB has made fund infusions in companies such as IT
majors Wipro and Infosys, top tier banks ICICI Bank, Kotak
Mahindra Bank, new-age companies like Paytm, Zomato,
Nykaa, Delhivery.

Experts have said the fresh tensions between India and

Canada are unlikely to impact trade and investments
between the two countries as economic ties are driven by
commercial considerations, a PTI report said.

Global Trade Research Initiative (GTRI) Co-Founder Ajay

Srivastava told PTI that Canadian pension funds will
continue investing in India on grounds of India's large
market and good return on money invested.