New Delhi, March 2 India and Canada have agreed to expand their bilateral trade to USD 50 billion by 2030, Prime Minister Narendra Modi said on Monday.
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 here.
Therefore, he said, "we have decided to finalize the Comprehensive Economic Partnership Agreement (CEPA) between the two nations as soon as possible."
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 the digital economy have aided the growth.
Besides, he said, focus on reforms and ease of doing business have helped bolster the Indian economy.
Regarding infrastructure development, Modi said, the government has made a record allocation of USD 130 billion in the Budget for 2026-27.
