Sitharaman Outlines India’s Development Roadmap at Hoover Forum

Speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the urgent need to strengthen economic cooperation between India and China. She laid out a forward-looking vision to expand trade, attract larger cross-border investments, and build a resilient, future-ready partnership.

Advancing Strategic Economic Cooperation

Sitharaman underlined the major influence both countries exert on the global economy. She called for deeper regulatory alignment, innovation-led collaborations, and stronger institutional support to foster a more inclusive and adaptable trade framework.

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

Expanding Public-Private Partnerships

• Fostering Trust Through Policy Stability

  The Minister stressed that regulatory consistency is essential to building confidence and ensuring smoother flows of trade and investment between the two nations.

• Creating New Investment Channels

  She encouraged Chinese investors to explore India’s dynamic market, pointing to reforms designed to enhance transparency and safeguard investor interests.

• Infrastructure and Technology as Growth Pillars

  Sitharaman reaffirmed India’s focus on modernizing infrastructure and advancing technological progress as key drivers of stronger bilateral relations.

• Supporting SMEs for Inclusive Progress

  She underscored the crucial role of small and medium-sized enterprises in fostering inclusive growth, advocating broader access to financing and global markets.

• Forging a Sustainable, Long-Term Alliance

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

Reaffirming Commitment to Shared Prosperity

Sitharaman’s remarks reinforced India’s determination to deepen its economic engagement with China. Through coordinated strategies, innovation-driven initiatives, and ongoing dialogue, both countries can help shape a more resilient and interconnected global economy.