Sitharaman Champions India’s Path to a Sustainable Tomorrow at Hoover Gathering

Speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the growing relevance of deepening economic engagement between India and China. She presented a forward-looking strategy focused on expanding trade, promoting cross-border investments, and fostering a lasting partnership anchored in trust, innovation, and shared prosperity.

Advancing Strategic Economic Cooperation

Sitharaman highlighted the major influence both nations have in shaping the global economic order. She called for stronger regulatory alignment, greater innovation-led collaboration, and the establishment of robust institutional mechanisms to build a transparent, inclusive, and future-oriented trading ecosystem.

She also underscored renewable energy, digital finance, information technology, and advanced manufacturing as key sectors capable of driving sustainable development and strengthening bilateral economic relations.

Encouraging Public-Private Collaboration

• Building Investor Confidence Through Policy Predictability

  The Minister emphasized that transparent, consistent, and stable policy frameworks are essential for reinforcing investor confidence and ensuring smoother trade and investment flows between the two economies.

• Expanding Investment Opportunities

  She encouraged Chinese investors to explore India’s dynamic market, noting that ongoing reforms are aimed at enhancing transparency, boosting competitiveness, and safeguarding investor interests.

• Infrastructure and Technology as Catalysts for Growth

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and driving technological progress as key enablers of sustainable and mutually beneficial economic partnerships.

• Empowering SMEs to Drive Inclusive Development

  She highlighted the vital role of small and medium-sized enterprises in fostering inclusive growth, advocating for expanded access to finance and better integration into global value chains.

• Building a Resilient and Sustainable Partnership

  The Minister concluded by emphasizing the need to establish a long-term, future-ready alliance built on shared values, innovation, and sustainability to collectively address global economic challenges.

Renewing a Common Vision for Prosperity

Sitharaman’s address reaffirmed India’s strong commitment to strengthening its economic partnership with China. Through coordinated policymaking, innovation-driven strategies, and ongoing dialogue, both nations can contribute meaningfully to creating a more balanced, resilient, and interconnected global economy.