India and Canada have experienced significant growth in their merchandise trade, marking a strong phase in economic relations ahead of Indian Prime Minister Narendra Modi’s upcoming visit to Canada in December. Between January and August 2026, Canada’s exports to India surged to CA$3.03 billion, reflecting a 36.7% increase from the same period in the previous year. This growth was predominantly driven by shipments of metals and minerals, which constituted 41% of Canadian exports, followed by agri-food products at 16.9%.
In the same timeframe, Canada imported CA$7.05 billion worth of goods from India, marking a 10.2% rise compared to the prior year. In 2025, total Canadian exports to India were valued at CA$3.9 billion, while imports from India stood at CA$9.7 billion. This trade upswing underscores the strengthening economic ties and sets a promising backdrop for continued collaboration.
High-level engagements and business initiatives have further propelled this bilateral momentum. A notable development was a Canadian trade delegation comprising nearly 300 participants that resulted in 34 commercial agreements, valued at approximately CA$300 million. These agreements spanned various sectors, including energy, critical minerals, and aerospace, demonstrating a broadening of economic cooperation.
Negotiations are also underway for a Comprehensive Economic Partnership Agreement (CEPA) between the two nations. With five rounds of negotiations already completed, both countries are committed to advancing discussions, aiming to finalize the agreement by December.
Prime Minister Modi and his Canadian counterpart, Mark Carney, have engaged in discussions to bolster bilateral relations further. Officials from both countries are actively working to expand trade, investment, and cooperation, with a particular focus on areas like mobility. This collaborative effort reflects a shared commitment to fostering a robust and mutually beneficial economic partnership.