Canada-India Economic Relations Revive: Business Council Leader Victor T. Thomas

• Canadian Prime Minister Mark Carney’s invitation to PM Narendra Modi to the G-7 Summit signals renewed optimism in Canada-India economic ties.

• Carney’s actions have re-established trust and renewed bilateral momentum, allowing for commercial growth and potential signing of an Early Progress Trade Agreement.

• Recent signals from the meeting of Prime Ministers and the restoration of High Commissioners in Ottawa and New Delhi are encouraging for long-term business planning.

• Thomas believes India presents significant potential for Canadian firms diversifying beyond the U.S. market, particularly in infrastructure and real estate.

• Investments from Canada into India this year hover around CA$100 billion, with potential for further exploration in sectors like agri-food, energy, education, and resources.