Sitharaman Outlines India’s Path to Development at Hoover Forum

Speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman underlined the urgent priority of strengthening economic ties between India and China. She presented a forward-looking plan to expand trade, increase cross-border investments, and forge a durable, future-ready partnership.

Advancing Strategic Economic Cooperation

Sitharaman stressed the influential roles both nations play in shaping the global economy. She called for deeper regulatory coordination, innovation-focused initiatives, and stronger institutional mechanisms to create a more inclusive and adaptable trade environment.

She spotlighted key sectors—renewable energy, digital finance, information technology, and advanced manufacturing—as crucial engines for sustainable growth and shared prosperity.

Expanding Public-Private Partnerships

• Building Trust Through Consistent Policies

  The Minister emphasized that harmonized regulations are vital to strengthening confidence and ensuring smoother flows of trade and investment between the two countries.

• Opening New Investment Pathways

  She invited Chinese investors to engage with India’s dynamic market, highlighting reforms designed to enhance transparency and safeguard investor interests.

• Infrastructure and Technology as Growth Drivers

  Sitharaman reaffirmed India’s commitment to upgrading infrastructure and accelerating technological advancement as key foundations for deeper bilateral relations.

• Empowering SMEs for Inclusive Growth

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

• Forging a Sustainable, Long-Term Alliance

  The Minister concluded by calling for a lasting partnership rooted in shared values, innovation, and sustainability to address global challenges collectively.

Reaffirming Commitment to Shared Prosperity

Sitharaman’s remarks reiterated India’s determination to strengthen its economic engagement with China. Through coordinated policies, innovation-led efforts, and continued dialogue, both nations can help shape a more resilient and interconnected global economy.