Explain India’s trade with Canada.

India's trade with Canada is characterized by a diverse range of goods and services, reflecting the economic ties between the two countries. The trade relationship is based on mutual interests and complementarities, with both countries benefiting from bilateral trade in various sectors.

In recent years, bilateral trade between India and Canada has shown steady growth, albeit from a relatively modest base. Both countries have been working to strengthen economic ties through trade promotion initiatives, investment facilitation, and policy dialogues.

Key sectors driving India's exports to Canada include pharmaceuticals, information technology services, textiles, and agricultural products. India is a major exporter of generic pharmaceuticals to Canada, supplying a significant portion of the country's demand for affordable medicines. Additionally, India's IT services sector has a strong presence in Canada, providing software development, outsourcing, and consulting services to Canadian businesses.

On the other hand, Canada's exports to India are primarily dominated by natural resources, including minerals, metals, and agricultural commodities. Canada is a significant exporter of pulses, lentils, and canola oil to India, meeting the country's demand for food products and agricultural inputs. Additionally, Canada exports machinery, equipment, and technology to support India's infrastructure development and industrial growth.

In addition to goods trade, India and Canada also engage in bilateral trade in services, including financial services, education, and tourism. Both countries have taken steps to promote services trade through bilateral agreements and cooperation initiatives.

Overall, India's trade with Canada reflects the growing economic partnership between the two countries, driven by mutual interests and complementarities. While there is potential for further expansion and diversification of trade, both India and Canada are committed to strengthening their economic ties and exploring new opportunities for collaboration in trade and investment.