On May 10, 2023, India and Canada conducted discussions regarding the prospect of dual degrees and mutual recognition of educational qualifications. The establishment of campuses was also discussed in order for the youth of both countries to contribute to economic growth, according to the Commerce Ministry.
Dual degrees, as well as mutual acknowledgement of Indian educational qualifications across professional organisations, were considered in the discussions.
Commerce Minister Mr Piyush Goyal was in Canada on an official visit, and these topics were discussed with his Canadian counterpart, Hon'ble Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, Government of Canada.
Goyal applauded Minister Mary Ng for her leadership and participation in pushing the Canada-India collaboration to the next level. He praised the rapid pace of discussions for the Early Progress Trade Agreement (EPTA), which serves as a bridge to the re-launched India-Canada Comprehensive Economic Partnership Agreement (CEPA). The Minister praised the work of both nations' negotiation teams and their focus on substantial outcomes from the Agreement in the future.
The Minister stated that the Canada-India collaboration has enormous potential since both countries are among the fastest-growing economies and would continue to do so in the future years. Goyal stated that India's macroeconomic fundamentals are at their pinnacle under Prime Minister Narendra Modi's visionary leadership and that because India is not an oil-based economy, it can succeed despite looming global concerns.
He also emphasised India's massive foreign exchange reserves and the large increase in overall exports from roughly USD 500 billion two years ago to USD 770 billion in FY 2022-23.
Given its vast assets and investments, Canada, according to Goyal, is focused on natural resources. He also stated that Canada is more interested in the Services industry than the Manufacturing sector. He stated that each country has unique strengths and that for India, the investable excess is a reservoir of managerial and technical ability and skills.
Goyal also highlighted the importance of India's young demographic and the development of the world's biggest number of 'Science, Technology, Engineering, and Mathematics' (STEM) graduates today.
Source: The Economic Times
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