India's Emergence as an Economic Giant: Opportunities to Canada

India's economy has increased its speed limit a great deal after 1991, because of its steady shift from a command-controlled and inward-looking to a market-driven and outward-oriented economy. Today, it is the 2nd fastest growing major economy in the world. Its real GDP growth rate averaged around 8.0% since 2002. Moreover, like China, India's economy did not experience a significant growth slowdown during the recent global financial crisis and the economic recession as its banking sector and domestic demand has reached to a stronger position. This paper examines India's economic growth with its structural changes. It also explores trade and investment opportunities to Canada.