Explained: Why UPI is central to the next phase of India-Canada economic ties
India is pitching its expanding digital economy as a new area of opportunity for Canadian investors. Addressing members of the Indian business community in Toronto, Union Finance Minister Nirmala Sitharaman highlighted the potential for cooperation between Indian and Canadian banks, fintech companies and regulators around UPI and next-generation digital financial infrastructure.
The Finance Minister further said that India’s combination of economic scale, sustained growth, a young population, rising consumption and deepening capital markets makes it an attractive destination for Canadian investors with a long-term investment horizon.
