At Hoover Event, India’s Vision for a Sustainable Future Commands the Stage

Speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman underscored the growing importance of enhancing economic cooperation between India and China. She presented a comprehensive strategy aimed at expanding trade, encouraging greater cross-border investments, and building a resilient partnership rooted in trust, innovation, and shared prosperity.

Strengthening Strategic Economic Cooperation

Sitharaman highlighted the significant influence both nations exert on global economic developments. She emphasized the need for stronger regulatory alignment, deeper innovation-led partnerships, and the creation of durable institutional frameworks to foster a trading environment that is open, inclusive, and future-ready.

She also identified renewable energy, digital finance, information technology, and advanced manufacturing as key industries with strong potential to accelerate sustainable growth and enhance bilateral engagement.

Expanding Public-Private Collaboration

• Building Investor Confidence Through Regulatory Stability

  The Minister emphasized that transparent, consistent, and predictable regulatory systems are essential to strengthening investor confidence and supporting smooth trade and investment flows between both economies.

• Unlocking New Avenues for Investment

  She encouraged Chinese investors to explore India’s dynamic market, noting that ongoing reforms aim to improve transparency, boost competitiveness, and enhance investor protection.

• Infrastructure and Technology as Strategic Pillars

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and driving technological innovation as central enablers of deeper economic cooperation.

• Empowering SMEs for Inclusive Development

  She highlighted the essential role of small and medium-sized enterprises in promoting inclusive economic growth, calling for greater access to financing and better integration into global value chains.

• Forging a Durable and Sustainable Alliance

  The Minister concluded by stressing the need for a long-term partnership built on shared values, innovation, and sustainability to address common economic challenges effectively.

Reaffirming a Shared Vision for Growth

Sitharaman’s address underscored India’s strong commitment to deepening its economic engagement with China. Through coordinated policies, innovation-driven strategies, and sustained dialogue, both countries can play a pivotal role in building a more balanced, resilient, and interconnected global economy.