Hoover Forum Features Sitharaman Showcasing India’s Development Vision

While addressing the Hoover Institution, India’s Finance Minister Nirmala Sitharaman stressed the pressing need to enhance economic engagement between India and China. She outlined a comprehensive strategy to expand trade, attract higher levels of cross-border investment, and establish a resilient, future-oriented partnership.

Strengthening Strategic Economic Cooperation

Sitharaman highlighted the influential role both nations hold in shaping the global economy. She called for stronger regulatory alignment, innovation-focused collaboration, and reinforced institutional frameworks to build a more inclusive and flexible trading system.

She identified priority sectors—renewable energy, digital finance, information technology, and advanced manufacturing—as key drivers of sustainable growth and mutual prosperity.

Expanding Public-Private Partnerships

• Building Confidence Through Stable Policies

  The Minister emphasized that consistent regulations are vital for boosting trust and enabling smoother flows of trade and investment between the two countries.

• Opening New Avenues for Investment

  She encouraged Chinese investors to engage with India’s fast-growing market, citing reforms aimed at strengthening transparency and protecting investor interests.

• Infrastructure and Technology as Core Foundations

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and driving technological advancement as essential pillars of stronger bilateral cooperation.

• Empowering SMEs for Inclusive Development

  She underscored the critical role of small and medium-sized enterprises in fostering inclusive progress, advocating greater access to financing and international markets.

• Creating a Lasting, Sustainable Partnership

  The Minister concluded by calling for a long-term alliance anchored in shared values, innovation, and sustainability to jointly tackle global challenges.

Renewing the Commitment to Shared Prosperity

Sitharaman’s address reaffirmed India’s determination to strengthen its economic relationship with China. Through coordinated policies, innovation-driven efforts, and sustained dialogue, both nations can contribute to building a more resilient and interconnected global economy.