Sitharaman Unveils India’s Vision for Sustainable Development at Hoover Event

While speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the growing need to strengthen economic relations between India and China. She laid out a comprehensive roadmap to boost trade, increase cross-border investments, and establish a resilient, future-oriented partnership grounded in mutual trust and shared progress.

Advancing Strategic Economic Collaboration

Sitharaman highlighted the pivotal influence both countries exert on the global economy. She called for stronger regulatory coordination, innovation-led cooperation, and enhanced institutional frameworks to foster a more inclusive, adaptive, and forward-looking trade ecosystem.

She outlined renewable energy, digital finance, information technology, and advanced manufacturing as key sectors that will drive sustainable growth and mutual prosperity.

Expanding Public-Private Partnerships

• Building Confidence Through Transparent Policies

  The Minister noted that clear and predictable regulatory systems are essential to building investor confidence and ensuring seamless trade and investment flows between the two nations.

• Unlocking New Investment Prospects

  She invited Chinese investors to explore India’s rapidly expanding market, underscoring recent reforms aimed at enhancing transparency, competitiveness, and investor protection.

• Infrastructure and Technology as Growth Catalysts

  Sitharaman reaffirmed India’s focus on infrastructure modernization and technological innovation as key foundations for deeper and more dynamic bilateral cooperation.

• Empowering SMEs for Inclusive Growth

  She highlighted the vital role of small and medium-sized enterprises in promoting inclusive economic progress, calling for greater access to financing and integration into global supply chains.

• Forging a Lasting, Sustainable Partnership

  The Minister concluded by emphasizing the importance of a durable partnership built on shared values, innovation, and sustainability to collectively address global challenges.

Reaffirming Commitment to Shared Growth

Sitharaman’s address reaffirmed India’s determination to deepen its economic engagement with China. Through aligned policies, innovation-driven collaboration, and ongoing dialogue, both countries can play a vital role in shaping a more resilient, equitable, and interconnected global economy.