Hoover Forum Sees Sitharaman Present India’s Development Plan

Speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the critical need to enhance economic collaboration between India and China. She presented an ambitious vision to increase trade, draw more cross-border investment, and build a strong, future-oriented partnership.

Strengthening Strategic Economic Cooperation

Sitharaman highlighted the major roles both countries hold in the global economy. She called for stronger regulatory alignment, innovation-driven partnerships, and improved institutional support to establish a more inclusive and adaptable trading framework.

She pointed to priority sectors—renewable energy, digital finance, information technology, and advanced manufacturing—as key drivers of sustainable growth and mutual prosperity.

Enhancing Public-Private Partnerships

• Building Confidence Through Stable Policies

  The Minister stressed that harmonized regulations are essential to fostering trust and ensuring smoother trade and investment flows between the two nations.

• Creating New Investment Channels

  She encouraged Chinese investors to tap into India’s rapidly growing market, highlighting reforms aimed at improving transparency and safeguarding investor interests.

• Infrastructure and Technology as Foundations

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

• Empowering SMEs for Broader Growth

  She underscored the important role of small and medium-sized enterprises in advancing inclusive development, advocating wider access to financing and global markets.

• Building a Lasting, Sustainable Alliance

  The Minister concluded by urging the creation of a long-term partnership grounded in shared values, innovation, and sustainability to tackle global challenges together.

Renewing the Commitment to Shared Prosperity

Sitharaman’s address reinforced India’s resolve to deepen its economic relationship with China. Through policy coordination, innovation-led action, and sustained dialogue, both nations can help shape a stronger and more interconnected global economy.