Hoover Forum Sees Sitharaman Present India’s Development Agenda

In her address at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the increasing importance of strengthening economic ties between India and China. She outlined a strategic vision to enhance trade, attract greater cross-border investment, and build a resilient, future-focused partnership grounded in shared growth and mutual trust.

Deepening Strategic Economic Cooperation

Sitharaman highlighted the significant role both nations play in influencing global economic dynamics. She advocated for stronger regulatory alignment, innovation-led collaborations, and robust institutional mechanisms to promote a more inclusive, adaptable, and forward-looking trade ecosystem.

She identified key areas—renewable energy, digital finance, information technology, and advanced manufacturing—as major drivers of sustainable growth and mutual prosperity.

Expanding Public-Private Collaboration

• Enhancing Trust Through Predictable Policies

  The Minister noted that transparent and stable regulatory frameworks are essential for fostering investor confidence and enabling smoother trade and investment flows between the two countries.

• Unlocking Fresh Investment Opportunities

  She encouraged Chinese investors to engage with India’s rapidly developing market, pointing to ongoing reforms designed to strengthen transparency and protect investor interests.

• Infrastructure and Technology as Key Growth Drivers

  Sitharaman reaffirmed India’s focus on modernizing infrastructure and accelerating technological innovation as critical enablers of stronger bilateral economic cooperation.

• Supporting SMEs for Inclusive Development

  She underscored the pivotal role of small and medium-sized enterprises in advancing inclusive growth, advocating greater access to financing and integration into global value chains.

• Forging a Long-Term, Sustainable Partnership

  The Minister concluded by emphasizing the need for a lasting alliance built on shared principles, innovation, and sustainability to address global economic challenges collectively.

Reaffirming the Pursuit of Shared Prosperity

Sitharaman’s address reaffirmed India’s commitment to deepening its economic engagement with China. Through coordinated policies, innovation-driven efforts, and sustained dialogue, both nations can contribute to building a more balanced, resilient, and interconnected global economy.