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India-Canada diplomatic row unlikely to affect businesses or students much

India and Canada have shared democratic values. The broader geopolitical considerations require India and Canada to co-operate and deepen their engagement

India-Canada tensions: Multi-billion economic deals at risk if rift widens
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TNC Rajagopalan

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Last week, the India-Canada relations hit a new low when both the countries expelled six diplomats based on allegations that are difficult to verify at this point of time. The interests of the businesses or our students are, however, unlikely to be affected much.

There are mild concerns in both the countries on how the worsening relations will impact the trade and economic relations. At about $16 billion of imports plus exports, the overall impact in both the countries is quite insignificant.  Both countries have alternate sources from where their requirements can be met even if the bilateral
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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