India and Canada have renewed momentum in their economic partnership during the 7th Ministerial Dialogue on Trade and Investment (MDTI), held in New Delhi from November 11–14, 2025. The talks took place during the official visit of Canada’s Minister of Export Promotion, International Trade and Economic Development, Maninder Sidhu, on the invitation of India’s Commerce and Industry Minister, Piyush Goyal.
The meeting was guided by directions from both prime ministers during their recent engagement at the G7 Summit in Kananaskis and the October 13 joint statement by both foreign ministers, which highlighted trade as a key driver of bilateral growth.
Both ministers reaffirmed the continuity and strength of the India–Canada economic partnership, noting a substantial rise in bilateral trade. Total trade in goods and services reached USD 23.66 billion in 2024, with merchandise trade touching USD 8.98 billion—an increase of nearly 10% from the previous year. They also welcomed growing two-way investments, supported by Canadian institutional investors in India and the expanding presence of Indian firms in Canada.
The leaders committed to fostering a transparent and predictable investment climate and exploring deeper collaboration in priority sectors. They acknowledged strong complementarities in critical minerals, clean energy, aerospace, and dual-use capabilities, agreeing to pursue domain-specific discussions to strengthen partnerships in these areas.
Recognising recent global disruptions, the ministers emphasized the need for resilient and diversified supply chains, especially in critical sectors such as agriculture. They also highlighted the importance of private-sector engagement in unlocking new opportunities for trade and investment.
Both sides expressed satisfaction with the progress made so far and committed to sustaining momentum in their bilateral economic dialogue. They also agreed to continue ministerial-level engagement with trade and investment stakeholders in early 2026, concluding the talks on a forward-looking and constructive note.