India-Canada trade dips 8%, eye $50 billion target by 2030

India-Canada bilateral trade fell from $8.66 billion to $7.95 billion in 2025-26, an over 8% decline. Both nations aim to reach $50 billion by 2030. India exports pharmaceuticals and steel; imports pulses and crude oil. With 4.25 lakh Indian students in Canada, a trade agreement is seen as key to expanding bilateral opportunities.