At Hoover Event, Sitharaman Highlights India’s Development Strategy

During her remarks at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman underlined the rising importance of strengthening economic collaboration between India and China. She presented a clear strategy to expand trade, increase cross-border investments, and create a resilient, future-oriented partnership built on shared growth and trust.

Strengthening Strategic Economic Cooperation

Sitharaman highlighted the pivotal role both nations play in influencing global economic developments. She called for closer regulatory coordination, stronger innovation-led alliances, and more robust institutional support to foster a flexible, inclusive, and sustainable trade ecosystem.

She identified key growth sectors—renewable energy, digital finance, information technology, and advanced manufacturing—as vital engines to drive long-term economic expansion and shared prosperity.

Expanding Public-Private Engagement

• Fostering Confidence Through Regulatory Stability

  The Minister emphasized that predictable and transparent regulatory frameworks are essential to strengthening investor confidence and ensuring smoother flows of trade and capital between the two countries.

• Opening New Channels for Investment

  She invited Chinese investors to explore opportunities in India’s rapidly evolving market, pointing to reforms aimed at boosting transparency, competitiveness, and investor safeguards.

• Infrastructure and Technology as Key Enablers

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and accelerating technological advancement as fundamental pillars for deeper and more dynamic bilateral cooperation.

• Empowering SMEs to Drive Inclusive Growth

  She stressed the crucial role of small and medium-sized enterprises in advancing inclusive development, advocating broader access to financing and global markets.

• Forging a Lasting and Sustainable Partnership

  The Minister concluded by calling for a long-term alliance built on shared values, innovation, and sustainability to jointly address global economic challenges.

Renewing the Commitment to Shared Prosperity

Sitharaman’s address reaffirmed India’s determination to deepen its economic relationship with China. Through aligned policies, innovation-driven initiatives, and sustained dialogue, both nations can play a key role in building a more stable, resilient, and interconnected global economy.