New Delhi: India and Canada have agreed to expand their bilateral trade to USD 50 billion by 2030, Prime Minister Narendra Modi said Monday.
The bilateral trade between the two countries stood at around USD 8 billion during the January-October period of 2025.
“We want to take our bilateral trade to USD 50 billion and we are moving in that direction,” Modi said while addressing the India-Canada CEO Forum.
Therefore, he said, “we have decided to finalise the Comprehensive Economic Partnership Agreement (CEPA) between the two nations sooner than later.”
Observing that the global economic order is under pressure, Modi said, the brainstorming between the business leaders of India and Canada at such difficult times would help frame a blueprint for bilateral trade relations.
Highlighting that India is the world’s fastest-growing major economy, he said, strong domestic consumption, large-scale investment and digital economy have aided the growth.