India’s Road to Development Spotlighted by Sitharaman at Hoover Forum

During her remarks at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the increasing importance of strengthening economic ties between India and China. She presented a clear vision to expand trade, attract greater cross-border investment, and build a resilient, future-oriented partnership founded on shared growth and mutual trust.

Boosting Strategic Economic Cooperation

Sitharaman highlighted the powerful role both nations play in shaping the global economic landscape. She called for closer regulatory alignment, innovation-focused collaboration, and stronger institutional structures to create a more inclusive, flexible, and sustainable trade environment.

She pointed to key industries—renewable energy, digital finance, information technology, and advanced manufacturing—as central drivers of sustainable development and shared prosperity.

Strengthening Public-Private Collaboration

• Fostering Trust Through Policy Stability

  The Minister underscored that predictable and transparent regulatory policies are essential to building investor confidence and facilitating smoother trade and investment between the two nations.

• Opening New Investment Pathways

  She invited Chinese investors to tap into India’s rapidly growing market, emphasizing ongoing reforms aimed at enhancing transparency, competitiveness, and investor protection.

• Infrastructure and Technology as Growth Engines

  Sitharaman reiterated India’s commitment to modernizing its infrastructure and advancing technology as crucial foundations for deeper and more productive bilateral cooperation.

• Empowering SMEs to Drive Inclusive Growth

  She stressed the vital contribution of small and medium-sized enterprises in driving inclusive economic progress, advocating broader access to financing and integration into global supply chains.

• Forging a Long-Term, Sustainable Alliance

  The Minister concluded by calling for a lasting partnership rooted in shared principles, innovation, and sustainability to collectively tackle global challenges.

Reaffirming the Path to Shared Prosperity

Sitharaman’s address reaffirmed India’s commitment to strengthening its economic engagement with China. Through coordinated policies, innovation-driven efforts, and sustained dialogue, both countries can help shape a more stable, equitable, and interconnected global economy.