India and Canada Set Ambitious Trade Goal of $50 Billion by 2030

In a significant announcement, Prime Minister Narendra Modi revealed that India and Canada are aiming to increase their bilateral trade to $50 billion by 2030. Currently, trade between the two nations stands at around $8 billion for the year 2025. Modi highlighted the importance of finalizing the Comprehensive Economic Partnership Agreement (CEPA) to facilitate this growth. He also noted that the ongoing discussions among business leaders are vital for navigating the challenges of the global economy. With India being the fastest-growing major economy, the future looks promising for this ambitious trade goal.

By Narendra Chaudhary Mar 2, 2026, 16:46 IST

Strengthening Economic Ties

New Delhi: Prime Minister Narendra Modi announced on Monday that India and Canada aim to boost their bilateral trade to an impressive USD 50 billion by the year 2030.

Currently, the trade volume between the two nations was approximately USD 8 billion from January to October 2025.

Modi emphasized during his speech at the India-Canada CEO Forum, "Our goal is to elevate our bilateral trade to USD 50 billion, and we are making progress towards that target."

He also mentioned the intention to expedite the finalization of the Comprehensive Economic Partnership Agreement (CEPA) between the two countries.

In light of the challenges facing the global economic landscape, Modi noted that discussions among business leaders from both nations during these trying times would be crucial in shaping a strategic framework for their trade relations.

He pointed out that India stands as the fastest-growing major economy globally, driven by robust domestic consumption, significant investments, and advancements in the digital economy.