6 days ago
Sitharaman Seeks Canadian Investment, Highlights India’s Growth Potential
India’s finance minister wants Canadian businesses to invest in India.
She said India is growing quickly and has many young people and consumers.
She also said India’s cities and middle class are expanding.
Digital technology is helping more people use financial and commercial services.
UPI lets people make real-time payments and is used very widely.
Sitharaman said Canadian banks and technology companies could work with India on digital finance.
She described people of Indian origin in Canada as an important link between the countries.
She also said economic and personal connections between India and Canada are growing.
Finance Minister Nirmala Sitharaman called India the fastest-growing major economy in the world.
She urged Canadian investors to consider India’s scale, sustained growth, young population and expanding consumption.
Sitharaman said urbanisation, a growing middle class and digital infrastructure are creating opportunities across sectors.
She highlighted UPI as the world’s largest real-time payments system by transaction volume.
She identified potential cooperation with Canadian banks, fintech companies and regulators on digital financial infrastructure.
- Who
- Finance Minister Nirmala Sitharaman and potential Canadian investors, banks, fintech companies and regulators.
- What
- Sitharaman sought Canadian investment in India and outlined opportunities for economic and digital-finance cooperation.
- Where
- Sitharaman addressed members of the Indian business community in Toronto; the report was datelined Washington.
- When
- Today, according to the article.
- Why
- She said India’s scale, sustained growth, young population, expanding consumption, deepening capital markets and digital infrastructure create significant investment opportunities.
Key facts
- Speaker
- Nirmala Sitharaman, India’s finance minister
- Target audience
- Canadian investors and members of the Indian business community
- India’s economic position
- Described as the fastest-growing major economy in the world
- Digital payments
- UPI was described as the world’s largest real-time payments system by transaction volume
- Potential partners
- Canadian banks, fintech companies and regulators
- Investment drivers
- Urbanisation, middle-class growth, expanding consumption and digital infrastructure
- Bilateral link
- The Indian diaspora in Canada was described as a strategic bridge between the two countries
Quotes
Nirmala Sitharaman
India’s Finance Minister
“For Canadian investors with long time horizon, India offers a combination that is difficult to match: scale, sustained growth, a young population, expanding consumption and rapidly deepening capital markets.”
thehansindia.com
Sources
Related news
Sitharaman Pitches India’s Fintech and GIFT City Opportunities
Sitharaman Pitches India as Global Growth and Production Hub
India and Canada Seek Deeper Financial and Investment Cooperation
India, Canada Deepen Economic Partnership Beyond Traditional Trade
India courts global investors through parallel Canada, Japan outreach
Sitharaman Seeks Deeper Canadian Investment Across India’s Growth Sectors
RBI Governor Meets US Fed Chief Kevin Warsh at G20
Indian Firms Invest $40 Billion in U.S., Supporting Jobs
Sitharaman Holds India-EU and South Korea Economic Cooperation
India Can Grow Beyond 8% With Jobs and Investment
India Plans Customs and Banking Reforms for Viksit Bharat
