India-Canada trade dips 8%; eye $50B target by 2030

India-Canada bilateral trade fell from $8.66B to $7.95B 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 425,000 Indian students in Canada, a trade agreement is seen as key to expanding bilateral opportunities.