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Hi Nate, the Federation of Indian Chambers of Commerce and Industry reports that Indian exports to Canada have increased from C$ 280 million in 1992 to C$ 1326 million in 2003 (January to November): a five-fold increase. Canadian exports to India have marginally increased from C$ 529 million in 1992 to C$ 658 million in 2003 (January to November). The trade balance has been in India's favor since 1993: it was C$ 76 million in 1993 and was C$ 668 million in 2003 (January to November). However, despite the significant increase, India's share in Canada's imports is still less than 0.5%. Canada's investment in India is mainly in the areas of: power & energy, equipment & services; oil and gas; environment products & services; telecommunications & information technology; and the financial sector, including insurance. At one time the largest recipient of aid from Canada (through the Canadian International Development Agency), this is today negligible. This is partly because Canada has itself cut back its aid programme (which now constitutes less than about 0.3% of its GDP) and partly because, in 2003, the Government of India took a decision to decline bilateral aid from several countries, including Canada. |