At Hoover Event, Sitharaman Illuminates India’s Path to a Sustainable Future

Addressing the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the rising importance of enhancing economic cooperation between India and China. She presented a well-defined roadmap focused on broadening trade, expanding cross-border investments, and nurturing a long-term partnership rooted in trust, innovation, and shared prosperity.

Deepening Strategic Economic Cooperation

Sitharaman noted the prominent role both nations play in influencing global economic trends. She called for greater regulatory coordination, innovation-driven collaboration, and the development of strong institutional mechanisms to build an open, transparent, and future-oriented trade framework.

She also highlighted renewable energy, digital finance, information technology, and advanced manufacturing as critical sectors that hold immense potential to drive sustainable growth and strengthen bilateral economic ties.

Fostering Public-Private Partnerships

• Enhancing Investor Confidence Through Policy Consistency

  The Minister emphasized that a transparent, stable, and predictable policy environment is vital for reinforcing investor confidence and ensuring smooth 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 focused on improving transparency, boosting competitiveness, and safeguarding investor interests.

• Infrastructure and Technology as Growth Enablers

  Sitharaman reaffirmed India’s commitment to advancing infrastructure development and technological innovation as key foundations for sustained economic cooperation.

• Supporting SMEs for Inclusive Economic Progress

  She underscored the central role of small and medium-sized enterprises in driving broad-based growth, advocating for enhanced access to financing and better integration into global supply networks.

• Forging a Long-Term and Sustainable Partnership

  The Minister concluded by stressing the importance of building a lasting partnership grounded in mutual trust, innovation, and sustainability to address global economic challenges together.

Renewing a Shared Vision for Global Prosperity

Sitharaman’s remarks reaffirmed India’s firm commitment to strengthening its economic partnership with China. Through policy coordination, innovation-led initiatives, and continuous dialogue, both nations can play a vital role in fostering a more resilient, balanced, and interconnected global economy.