Economy of Canada
The economy of Canada is a highly developed mixed economy with 10th largest GDP by nominal and 17th largest GDP by PPP in the world. Canada is one of the world's wealthiest nations with high standard of living and quality of life. As with other developed nations, the country's economy is dominated by the service industry, which employs about three quarters of Canadians.Canada has the fourth highest total estimated value of natural resources, valued at US$33.2 trillion in 2016.It has the world's third largest proven petroleum reserves and is the fourth largest exporter of petroleum. It is also the fourth largest exporter of natural gas. Canada is considered an "energy superpower" due to its abundant natural resources.
India - Canada Relations
Canada - India relations, or Indo-Canadian relations, are the longstanding bilateral relations between Canada and the Republic of India, which are built upon a "mutual commitment to democracy", "pluralism", and "people-to-people links", according to the government of Canada.Both are former British colonies and full members of the Commonwealth of Nations, with Canada being home to one of the largest Indian diasporas in the world.
Canada and India enjoy a prosperous trading relationship. Since 2004, despite the Late - 2000s recession, trade has increased by over 70%. In 2009, Canadian exports to India totalled C$2.1 billion, while in the same year Canadian imports from India totalled C$2.0 billion, giving Canada a C$100 million trade surplus.
Canada and India are currently holding negotiations on the Comprehensive Economic Partnership Agreement (CEPA) to improve the trade relations between the two countries. As of March 2015, the two countries held their 9th round of negotiations in New Delhi