India-Canada Trade Corridor — 2026
Bilateral trade architecture, top sectors, and key counterparty exposures.
India-Canada bilateral trade is in the $10B range for goods and $3-4B for services annually, with significant cross-border investment and a large Indian diaspora (~1.6M+ persons of Indian origin in Canada). The relationship is shaped by complementary commodity flows (Canada exports pulses, fertilizers, energy; India exports pharma, textiles, IT services).
A bilateral Early Progress Trade Agreement (EPTA) and a comprehensive Comprehensive Economic Partnership Agreement (CEPA) have been under intermittent negotiation for over a decade. Diplomatic frictions have periodically slowed talks but commercial flows continue. Air services agreements and student-visa flows are significant adjacent variables.
Top sectors & sub-sectors
| Sector | Notes |
|---|---|
| Pulses (lentils, chickpeas) | Canada is India's largest pulse supplier · MOPP (Minimum Off-take Price) sensitive. |
| Potash + fertilizer | Canpotex consortium · India a major buyer for agriculture. |
| Education services | ~250K+ Indian students in Canada · ~$5B annual fee + living expenditure. |
| IT services | Indian IT majors with Canadian operations (Infosys, TCS, Wipro). |
| Pharmaceuticals | Generic exports to Canada · Health Canada approvals. |
| Gems & jewellery | Cut + polished diamonds; Canadian rough → India processing. |
| Crude oil + uranium | Canada exports crude + uranium; India energy security relevance. |
| Aerospace | Bombardier sourcing from Indian suppliers. |