How growth in India is opening doors for Canadian businesses

How growth in India is opening doors for Canadian businesses

With 1.3 billion people, India has the world’s second largest population and has also been one of the world’s fastest growing economies in the past few years. And with recent reforms to improve the business environment, the economic outlook is bright.

Most analysts expect medium-term growth of around 6-8% annually, meaning India’s economy could double in size over the next decade or so. Such strong growth prospects offer considerable potential for Canadian businesses in the Indian marketplace.

India’s improving business environment

Under Prime Minister Modi, India’s government has implemented a series of positive economic reforms. Most notable was the adoption of a new goods…

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