India’s Development Strategy Spotlighted by Sitharaman at Hoover Event

At the Hoover Institution, India’s Finance Minister Nirmala Sitharaman stressed the immediate need to deepen economic collaboration between India and China. She unveiled a comprehensive vision to grow trade, attract greater cross-border investments, and establish a strong, future-oriented partnership.

Strengthening Strategic Economic Cooperation

Sitharaman highlighted the significant roles both nations play in the global economy. She urged enhanced regulatory alignment, innovation-driven cooperation, and reinforced institutional frameworks to develop a more inclusive and responsive trade system.

She identified priority areas—renewable energy, digital finance, information technology, and advanced manufacturing—as key engines for sustainable growth and mutual prosperity.

Expanding Public-Private Partnerships

• Fostering Trust Through Stable Policies

  The Minister noted that regulatory consistency is crucial for building confidence and ensuring smoother flows of trade and investment between the two countries.

• Unlocking Fresh Investment Opportunities

  She invited Chinese investors to explore India’s rapidly evolving market, emphasizing reforms aimed at increasing transparency and protecting investor interests.

• Infrastructure and Technology as Core Pillars

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and accelerating technological progress as vital foundations for stronger bilateral engagement.

• Supporting SMEs for Broader Growth

  She underscored the pivotal role of small and medium-sized enterprises in driving inclusive development, advocating wider access to financing and international markets.

• Building a Lasting, Sustainable Partnership

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

Renewing Commitment to Shared Prosperity

Sitharaman’s address reaffirmed India’s determination to advance its economic ties with China. By coordinating policies, promoting innovation, and maintaining ongoing dialogue, both nations can help shape a stronger and more interconnected global economy.