By Micah Jonah
March 3, 2026
India and Canada announced plans to finalize a free trade agreement by the end of 2026, aiming to boost bilateral trade from $9bn in 2024-25 to $50bn by 2030.
During talks in New Delhi, Narendra Modi and Mark Carney also signed a $2.6bn uranium deal to support India’s nuclear energy expansion, including small modular and advanced reactors.
The agreement comes after two years of strained relations following allegations from Canada against India over actions targeting Sikh separatists in Canada, which New Delhi denied. Both countries plan to strengthen defence cooperation, clean energy, critical minerals, and agricultural trade, while seeking to diversify away from the US.
Carney called the renewed partnership “a relationship with new ambition, focus, and foresight,” marking a major step in stabilizing and expanding India-Canada ties.
