Sitharaman Showcases India’s Development Agenda at Hoover Gathering

Speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman highlighted the pressing importance of enhancing economic engagement between India and China. She presented a comprehensive strategy to expand trade, attract more cross-border investments, and build a resilient, future-ready partnership.

Strengthening Strategic Economic Cooperation

Sitharaman drew attention to the pivotal roles both nations play in shaping global markets. She called for deeper regulatory alignment, innovation-focused collaborations, and stronger institutional mechanisms to create a more inclusive and flexible trading framework.

She spotlighted priority sectors—renewable energy, digital finance, information technology, and advanced manufacturing—as key engines of sustainable development and shared prosperity.

Enhancing Public-Private Partnerships

• Building Confidence Through Policy Consistency

  The Minister emphasized that harmonized regulations are essential to fostering trust and enabling smoother flows of trade and investment between the two nations.

• Unlocking New Investment Opportunities

  She encouraged Chinese investors to engage with India’s fast-growing market, highlighting reforms aimed at boosting transparency and safeguarding investor interests.

• Infrastructure and Technology as Core Foundations

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and accelerating technological progress as critical pillars for stronger bilateral ties.

• Supporting SMEs for Inclusive Growth

  She stressed the essential role of small and medium-sized enterprises in driving inclusive development, advocating broader access to finance and global markets.

• Creating a Lasting, Sustainable Alliance

  The Minister concluded by calling for a durable partnership based on shared values, innovation, and sustainability to address global challenges together.

Renewing the Commitment to Shared Prosperity

Sitharaman’s address reaffirmed India’s resolve to deepen its economic partnership with China. Through coordinated policies, innovation-led initiatives, and ongoing dialogue, both nations can help shape a more resilient and interconnected global economy.