Sitharaman Shares India’s Development Plan During Hoover Gathering

During her address at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the urgent priority of enhancing economic engagement between India and China. She presented an ambitious blueprint to expand trade, draw increased cross-border investments, and build a resilient, future-focused partnership.

Advancing Strategic Economic Cooperation

Sitharaman underlined the pivotal influence both nations exert on the global economy. She advocated deeper regulatory coordination, innovation-led collaboration, and strengthened institutional mechanisms to create a more adaptive and inclusive trade environment.

She spotlighted core sectors—renewable energy, digital finance, information technology, and advanced manufacturing—as essential drivers of sustainable growth and shared prosperity.

Expanding Public-Private Partnerships

• Building Confidence Through Consistent Policies

  The Minister stressed that aligning regulations is key to fostering trust and ensuring smoother flows of trade and investment between the two countries.

• Opening New Investment Avenues

  She encouraged Chinese investors to participate in India’s fast-growing market, highlighting reforms designed to boost transparency and safeguard investor interests.

• Infrastructure and Technology as Growth Foundations

  Sitharaman reaffirmed India’s focus on upgrading infrastructure and accelerating technological innovation as central pillars of stronger bilateral relations.

• Empowering SMEs for Inclusive Development

  She underscored the crucial role of small and medium-sized enterprises in driving inclusive progress, advocating broader access to financing and global markets.

• Forging a Sustainable, Long-Term Alliance

  The Minister concluded by calling for a lasting partnership rooted in shared values, innovation, and sustainability to address global challenges collectively.

Reaffirming the Commitment to Shared Prosperity

Sitharaman’s remarks reinforced India’s determination to strengthen its economic ties with China. Through coordinated strategies, innovation-driven efforts, and continuous dialogue, both nations can help shape a more resilient and interconnected global economy.