The India-Canada issue seems to be sometimes becoming tough and sometimes soft. We are saying this because Trudeau's new statement has come out after the controversy that broke out after the murder of Khalistani Nijjar. It is clearly evident from his statement that Canadian Prime Minister Justin Trudeau has now accepted India's strength. At the same time, he has admitted that India is a growing economic power and an important geopolitical player. He also reiterated its Indo-Pacific policy in which Canada considers itself interested in maintaining close relations with India.
From these statements of the Canadian PM, it seems as if he has realized the importance of India and its relationship. In such a situation, now Trudeau will think a hundred times before leaving the Indian market. Actually, there was news in between that due to reasons like fear of recession, concern among foreign investors has increased. Due to which foreign investors have made a net withdrawal of more than Rs 12,000 crore from the Indian stock market. Now the new trend in this matter is that there are no clear signs of Canadian outflow in this withdrawal. In such a situation, there may be tension between the two countries but it does not seem to have any effect on the market.
No indication of Canadian outflow
There is no sign of Canadian outflow in the recent withdrawal of foreign investors from the Indian stock market. According to the block deal data available with the Indian Stock Exchange, there has been no sale related to Canada so far. This happened at a time when the issue of Canada and India was heated. Let us tell you, in the month of September, there has been a net withdrawal of Rs 12,000 crore by foreign investors from India. According to market experts, the withdrawal is actually the result of the strict policies of the US Fed.
Let us tell you, Canadian pension fund makes big investments in the Indian stock market. According to market experts, the biggest thing that matters in the world is returns, which are strong in the Indian market. In such a situation, Canada cannot tamper with its investments.
No selling seen
According to market expert Ajay Bodke, based on the data available from the stock exchanges, if no selling has been seen by Canadian investors till now, then the chances of its further growth are not high. India is an FPI darling, and the fastest growing major economy.
Canada Fund's stake in many stocks
The total annual bilateral trade between India and Canada is approximately $8 billion. Canada's two sovereign funds CPPIB and CDPQ have stakes in a dozen domestic stocks. According to depository NSDL, there were 818 registered FPIs with the country of origin being Canada. At the end of August, Canadian foreign investors had managed Rs 1,50,871 crore.
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