Sitharaman pitches UPI, GIFT City and insurance opportunities to Canadian investors
India’s finance minister highlighted fintech, UPI, GIFT City, insurance and asset-management opportunities in Toronto, citing 100% FDI in insurance and a bilateral trade target of C$70 billion by 2030.
What happened
Finance Minister Nirmala Sitharaman pitched Indian fintech, UPI, GIFT City, insurance and asset-management opportunities to Canadian investors in Toronto,
Key facts
- 7.6% real GDP growth in 2025-26
- More than C$100 billion (around $72.02 billion) invested by Canadian pension funds in India
- 100% FDI permitted in insurance
- Bilateral trade target of C$70 billion (over $50 billion) by 2030
Why this matters
Canadian financial-services and payments firms may find renewed opportunities for Indian joint ventures, strategic investments and GIFT City-based cross-border expansion.