At Hoover Event, India’s Sustainable Future Shines Under Sitharaman’s Spotlight

Addressing the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the increasing importance of enhancing economic cooperation between India and China. She presented a strategic vision aimed at broadening trade, increasing cross-border investments, and building a long-term partnership founded on trust, innovation, and shared prosperity.

Strengthening Strategic Economic Engagement

Sitharaman highlighted the crucial influence both countries exert on the global economy. She called for closer regulatory coordination, innovation-driven collaboration, and the creation of strong institutional mechanisms to foster a transparent, inclusive, and forward-looking trade environment.

She also identified renewable energy, digital finance, information technology, and advanced manufacturing as high-potential sectors that could serve as key engines for sustainable growth and deeper economic cooperation.

Promoting Public-Private Partnerships

• Enhancing Investor Confidence Through Policy Stability

  The Minister emphasized that predictable, transparent, and consistent policy frameworks are essential to building investor trust and enabling smoother trade and investment flows between the two economies.

• Exploring New Investment Avenues

  She invited Chinese investors to participate in India’s rapidly evolving market, highlighting ongoing reforms aimed at improving transparency, boosting competitiveness, and strengthening investor safeguards.

• Infrastructure and Technology as Engines of Development

  Sitharaman reaffirmed India’s commitment to infrastructure modernization and technological advancement as central pillars for sustainable and mutually beneficial economic cooperation.

• Empowering SMEs for Broader Economic Inclusion

  She highlighted the pivotal role of small and medium-sized enterprises in driving inclusive growth, advocating for greater financial access and deeper integration into global value chains.

• Forging a Lasting and Sustainable Partnership

  The Minister concluded by stressing the importance of cultivating a resilient, future-ready partnership based on shared values, innovation, and sustainability to effectively address emerging global economic challenges.

Reaffirming a Shared Vision for Global Prosperity

Sitharaman’s remarks reaffirmed India’s strong commitment to advancing its economic relationship with China. Through harmonized policies, innovation-led initiatives, and sustained dialogue, both nations can play a defining role in building a more balanced, resilient, and interconnected global economy.