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India Canada Diplomatic Dispute: Relations between India and Canada remain tense. There was stability between the two countries for some time, but once again the tension between the two countries has increased. In fact, Canada has expelled Indian diplomats from the country, accusing them of being involved in the murder. In response to which India has also expelled 6 Canadian diplomats from India. After this incident, diplomatic tension has increased between the two countries. Now, due to sour relations between India and Canada, trade worth Rs 70 thousand crores is under threat.
Due to this tension, apart from affecting thousands of students including Indians living there, trade worth about Rs 70,000 crore between the two countries is also expected to be affected. Let us know what are the products that go from India to Canada and are imported from Canada to India. Let us know what and how much impact this tension will have on both the countries.
Where and what will be its impact?
In such a situation, the question now arises that where and how much will be the impact of these sour relations between the two countries. Its biggest impact can be on the students. Currently 60 to 70 thousand Indian students are already facing deputation.
has the greatest impact on students
Let us tell you that a large number of Indians live in Canada. On the other hand, every year thousands of students go to study in Canada. Canada and India have close trade relations. In the press conference against India on Monday, Trudeau also mentioned trade and civil relations and said that we do not want bad relations with India. If tension increases between India and Canada after Trudeau's allegations, it may affect everyone.
70000 crore trade between India and Canada
India was Canada's 10th largest trading partner in 2022. Bilateral trade in goods between the two countries stood at US $ 10.50 billion. Of this, goods worth US$6.40 billion were exported to Canada and goods worth US$4.10 billion were imported from Canada. The value of bilateral trade in services sector like finance, IT etc. was US$ 8.74 billion. According to a report, more than 600 Canadian companies and organizations are in India.
What business is done?
India exports gems, jewelery and precious stones, pharmaceutical products, ready-made garments, mechanical equipment, organic chemicals, light engineering goods, iron and steel to Canada. While India buys paper, wood pulp, asbestos, potash, iron scrap, copper, minerals and industrial chemicals from Canada.
Indian companies are recruiting in Canada
According to last year's report by the Confederation of Indian Industry (CII), there are more than 30 Indian companies in Canada and their investment in the country is Rs 40,446 crore. More than 17,000 people are employed in these companies. Research and development expenditure by these companies is also reported to be 700 million Canadian dollars.
What will be the effect on the student?
A large number of foreign students come to Canada to study. Talking about India, 230,000 Indian students are studying in Canada. Canada is the largest education center for foreign students. Tension between the two countries may increase the difficulties of the students. Thousands of students planning to study in Canada may face difficulties in obtaining visas. There is also a possibility that after this whole incident, Canada may tighten restrictions on visas for Indian students.