Our webinar on 05 February 5, 2026 featured a high-level dialogue between Prof. Dr. Atul
Sharan, Prof. Dr. Brajesh Kumar, and Prof. Dr. Sam Surendra, hosted by Azhar Shamim,
CFA focusing on the strategic implications of India’s Union Budget 2026 for bilateral trade
and investment. The event was graced by Acting Consul General HE Kapidhwaja Pratap
Singh
The discussion highlighted the budget’s bold ₹12.2 lakh crore capital expenditure (4.4% of
GDP) as a cornerstone for India’s long-term growth. Dr. Atul Sharan emphasized that while
this “Capex” push is ambitious, the transition to private sector leadership remains the critical next step for the Indian economy.
From a strategic perspective, Dr. Brajesh Kumar noted the 9% increase in defense spending
(to ₹7.85 lakh crore), illustrating India’s shift toward high-tech indigenization and the
immense opportunities for Canadian partners in advanced manufacturing and R&D.
Crucially for our members, Dr. Sam Surendra addressed the need to create a bridge, noting
that the revival of CEPA negotiations is under process and that the coming together of
Canadian resourcefulness with the rise of the Indian economy could help raise trade to $50
billion potentially by 2030. He highlighted that Canada’s diaspora is uniquely positioned to
lead this expansion, particularly in nuclear energy and digital infrastructure.
The panel concluded that for Canadian enterprises, the 2026 Budget serves as a signal of
stability and a call for deeper cross-border institutional linkages. As we look toward the
ICCC India Trade Mission in March 2026, these insights provide a firm foundation for our
upcoming discussions in New Delhi, Mumbai, and Chandigarh
