The ice has melted between Canada and India, now $50 billion trade and lots of expectations:

News India Live, Digital Desk: We often hear that relations between India and Canada are not going well. There was tension and heat in the statements in the news. But, going on in Johannesburg G20 Summit Such a cool and soothing breeze has come from here, which we all were waiting for.

Leaving the past behind, India and Canada have taken a new and bigger resolution— 50 billion dollars (about Rs 4.2 lakh crore) by the year 2030 Of business!

How did one meeting change the atmosphere?

The meeting between Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney is being considered a big ‘U-turn’ in the world of diplomacy. The ‘tension’ of the last few years now seems to be changing into ‘cooperation’. Both the leaders have made it clear that instead of wasting time in quarreling, it is better to strengthen the economies of both the countries.

$50 billion target: What changed for you?

Maybe you think that this is a big level thing, what does it matter to me? So let’s decode it:

1. Pension Fund Money (Big Investment): Canadian pension funds are famous for investing around the world. PM Modi has invited them to invest money in infrastructure, roads and manufacturing in India. This directly means- New job opportunities in India Will be born.
2. Business and Cheap Goods: both countries halted CEPA (Comprehensive Economic Partnership Agreement) Will start talking about the agreement again. If this deal is confirmed, it will become easier and cheaper to send clothes, medicines and many Indian products to Canada.
3. Peace for students: When big leaders of two countries meet as friends, it has a positive impact on visa rules and the safety of students. This is a news of relief for Indian families studying in Canada or wanting to go there.

New partnership in technology and defense

Now the matter is not limited to just wheat and lentils. Both countries are now becoming ‘future ready’. India and Canada will work together with Australia in areas like defence, space, artificial intelligence (AI) and nuclear energy.

Conclusion (Final Thoughts)

Overall, if only on the pretext of G20, the ‘spring’ seems to be coming back in the relations between India and Canada. This step will not only boost the economy but will also work to reconnect the broken thread of trust between the two countries. It is expected that in the coming 5 years this $50 billion target will be visible not only on paper but also on the ground.