At Hoover Gathering, Sitharaman Outlines India’s Development Strategy

In her speech at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman underlined the immediate need to reinforce economic cooperation between India and China. She set out an ambitious plan to grow trade, attract increased cross-border investments, and build a strong, future-ready partnership.

Driving Strategic Economic Cooperation

Sitharaman highlighted the significant influence both nations wield in the global economy. She called for tighter regulatory coordination, innovation-driven initiatives, and stronger institutional frameworks to foster a more inclusive and agile trading environment.

She pointed to priority sectors—renewable energy, digital finance, information technology, and advanced manufacturing—as key engines of sustainable development and shared prosperity.

Strengthening Public-Private Partnerships

• Building Confidence Through Policy Stability

  The Minister emphasized that harmonizing regulations is crucial for building trust and ensuring smoother flows of trade and investment between the two countries.

• Opening New Investment Avenues

  She invited Chinese investors to take part in India’s rapidly expanding market, citing reforms aimed at enhancing transparency and protecting investor interests.

• Infrastructure and Technology as Key Pillars

  Sitharaman reaffirmed India’s commitment to upgrading infrastructure and accelerating technological innovation as vital foundations for stronger bilateral ties.

• Supporting SMEs for Inclusive Progress

  She stressed the essential role of small and medium-sized enterprises in driving inclusive growth, advocating broader access to financing and global markets.

• Building a Long-Term, Sustainable Alliance

  The Minister concluded by calling for a lasting partnership rooted in shared values, innovation, and sustainability to address global challenges together.

Renewing the Commitment to Shared Prosperity

Sitharaman’s address reaffirmed India’s resolve to deepen its economic partnership with China. Through coordinated strategies, innovation-led efforts, and ongoing dialogue, both nations can shape a more resilient and interconnected global economy.