Why are Canadian pension funds India bound?

Canadian funds have been placing significant India bets in the backdrop of the National Democratic Alliance (NDA) government setting an ambitious task of becoming a $5 trillion economy by 2025. There have been major investments made by the pension funds such as Canada Pension Plan Investment Board (CPPIB), Caisse de dépôt et placement du Québec (CDPQ), Public Sector Pension Investment Board (PSP Investments) and also Brookfield Asset Management in the Indian infrastructure space, particularly in the country’s emerging green economy.