Sitharaman Highlights India’s Development Journey at Hoover Event

Speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the importance of deepening economic cooperation between India and China. She presented a strategic roadmap aimed at expanding trade, boosting cross-border investments, and building a robust, forward-looking partnership for the future.

Enhancing Strategic Economic Cooperation

Sitharaman underscored the pivotal influence both nations have on the global economy. She urged greater regulatory alignment, innovation-driven partnerships, and stronger institutional mechanisms to promote a more inclusive and adaptive trading environment.

She pointed to key sectors—renewable energy, digital finance, information technology, and advanced manufacturing—as essential engines for sustainable development and shared growth.

Expanding Public-Private Partnerships

• Building Trust Through Predictable Policies

  The Minister highlighted that stable and transparent regulations are essential to cultivating trust and ensuring smoother trade and investment flows between India and China.

• Unlocking New Investment Opportunities

  She invited Chinese investors to explore India’s dynamic and evolving market, emphasizing reforms designed to promote transparency and safeguard investor confidence.

• Infrastructure and Technology as Growth Enablers

  Sitharaman reaffirmed India’s focus on modernizing infrastructure and accelerating technological innovation as key foundations for enhanced bilateral collaboration.

• Supporting SMEs for Broad-Based Growth

  She emphasized the vital contribution of small and medium-sized enterprises to inclusive growth, advocating expanded access to capital and global markets.

• Building a Sustainable, Enduring Partnership

  The Minister concluded by calling for a long-term alliance grounded in shared principles, innovation, and sustainability to collectively address global economic challenges.

Reaffirming the Pursuit of Shared Prosperity

Sitharaman’s remarks reiterated India’s commitment to deepening its economic ties with China. Through harmonized policies, innovation-led initiatives, and continuous dialogue, both countries can help shape a more resilient, equitable, and interconnected global economy.