Hoover Event Sees Sitharaman Reveal India’s Growth-Focused Strategy

At the Hoover Institution, India’s Finance Minister Nirmala Sitharaman stressed the pressing importance of advancing economic cooperation between India and China. She presented a forward-looking plan to expand trade, attract greater cross-border investment, and establish a strong, future-ready partnership.

Advancing Strategic Economic Cooperation

Sitharaman underlined the significant influence both nations have on the global economy. She called for closer regulatory harmonization, innovation-driven partnerships, and reinforced institutional support to shape a more inclusive and adaptable trade framework.

She highlighted key areas—renewable energy, digital finance, information technology, and advanced manufacturing—as essential engines of sustainable development and shared prosperity.

Strengthening Public-Private Partnerships

• Building Confidence Through Policy Alignment

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

• Creating New Investment Pathways

  She invited Chinese investors to engage with India’s expanding market, noting reforms aimed at increasing transparency and safeguarding investor interests.

• Infrastructure and Technology as Core Foundations

  Sitharaman reaffirmed India’s commitment to upgrading infrastructure and accelerating technological advancement as key pillars of stronger bilateral ties.

• Supporting SMEs for Inclusive Progress

  She underscored the essential role of small and medium-sized enterprises in driving inclusive growth, advocating broader access to financing and global markets.

• Forging a Lasting, Sustainable Alliance

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

Renewing the Commitment to Shared Prosperity

Sitharaman’s remarks reaffirmed India’s resolve to strengthen its economic partnership with China. Through policy coordination, innovation-led efforts, and sustained dialogue, both nations can contribute to a more resilient and interconnected global economy.