Sitharaman Highlights India’s Expansion-Oriented Economic Roadmap at Hoover Event

Speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman stressed the pressing need to enhance economic cooperation between India and China. She introduced a forward-looking plan aimed at expanding trade, boosting cross-border investments, and forging a strong, future-ready partnership.

Driving Strategic Economic Cooperation

Sitharaman underlined the significant impact both nations have on the global economy. She called for deeper regulatory coordination, innovation-driven partnerships, and strengthened institutional support to establish a more adaptable and inclusive trading framework.

She identified key growth areas—such as renewable energy, digital finance, information technology, and advanced manufacturing—as pivotal engines of sustainable growth and shared prosperity.

Enhancing Public-Private Collaboration

• Building Confidence Through Policy Harmonization

  The Minister emphasized that aligning regulations is crucial to strengthen trust and ensure smoother flows of trade and investment between the two countries.

• Unlocking New Investment Opportunities

  She invited Chinese investors to explore India’s expanding market, pointing to reforms designed to boost transparency and protect investor interests.

• Infrastructure and Technology as Core Drivers

  Sitharaman reaffirmed India’s focus on modernizing infrastructure and accelerating technological innovation as key pillars of stronger bilateral ties.

• Supporting SMEs for Inclusive Growth

  She highlighted the crucial role of small and medium-sized enterprises in promoting inclusive development, advocating greater access to financing and international markets.

• Establishing a Sustainable, Long-Term Partnership

  The Minister concluded by urging the creation of a lasting alliance founded on shared values, innovation, and sustainability to address global challenges together.

Renewing the Commitment to Shared Prosperity

Sitharaman’s remarks reaffirmed India’s determination to deepen its economic ties with China. Through coordinated strategies, innovation-led efforts, and sustained dialogue, both nations can play a key role in shaping a more resilient and interconnected global economy.