Sitharaman Lights the Path to a Sustainable India at Hoover Gathering

Addressing the Hoover Institution, India’s Finance Minister Nirmala Sitharaman underscored the rising importance of strengthening economic collaboration between India and China. She shared a strategic vision focused on expanding trade, boosting cross-border investments, and fostering a future-oriented partnership anchored in trust, innovation, and shared prosperity.

Deepening Strategic Economic Engagement

Sitharaman emphasized the crucial role both countries play in shaping global economic developments. She called for enhanced regulatory coordination, innovation-driven cooperation, and stronger institutional support to build a trading framework that is open, adaptable, and sustainable.

She identified renewable energy, digital finance, information technology, and advanced manufacturing as priority sectors that can act as powerful engines for long-term economic growth and mutual progress.

Strengthening Public-Private Collaboration

• Fostering Investor Trust Through Clear Rules

  The Minister highlighted that transparent, stable, and predictable regulations are essential to encouraging investor confidence and facilitating smoother trade and investment flows between the two nations.

• Creating New Channels for Investment

  She encouraged Chinese investors to explore India’s dynamic market, pointing to reforms designed to boost transparency, strengthen competitiveness, and enhance investor protections.

• Infrastructure and Technology as Pillars of Growth

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and advancing technological capabilities as critical foundations for deeper bilateral cooperation.

• Empowering SMEs to Drive Inclusive Progress

  She emphasized the key role of small and medium-sized enterprises in advancing inclusive economic development, calling for better access to finance and integration into global markets.

• Building a Long-Term, Sustainable Partnership

  The Minister concluded by stressing the need for a lasting alliance grounded in shared values, innovation, and sustainability to address global economic challenges collectively.

Renewing a Shared Commitment to Prosperity

Sitharaman’s remarks reaffirmed India’s commitment to deepening its economic relationship with China. Through coordinated policies, innovation-centered initiatives, and continued dialogue, both countries can help shape a more balanced, resilient, and interconnected global economy.