
Canadian Minister Rajan Sohi has said that there is immense potential to deepen trade and investment cooperation between India and Canada despite global economic challenges. Speaking at an international forum, he noted that both countries can act as complementary economic partners and strengthen each other’s growth prospects. Sohi described India as a fast-growing economy with globally recognized strengths in technology, manufacturing, services, and innovation. In contrast, Canada possesses rich natural resources, a strong agricultural system, and a stable financial infrastructure. Combining these strengths, he said, could benefit both economies and generate new employment opportunities.

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The government further claimed that retaining the existing slab structure will help taxpayers plan their finances in advance and reduce complications in tax compliance.
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