At Hoover Gathering, Sitharaman Unveils India’s Development Plan

While speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman underscored the pressing need to advance economic cooperation between India and China. She outlined a bold plan to grow trade, attract greater cross-border investments, and forge a strong, future-oriented partnership.

Driving Strategic Economic Cooperation

Sitharaman highlighted the significant impact both countries have on the global economy. She called for closer regulatory alignment, innovation-based collaborations, and stronger institutional support to build a more inclusive and flexible trade framework.

She identified key sectors—renewable energy, digital finance, information technology, and advanced manufacturing—as primary engines of sustainable development and mutual prosperity.

Strengthening Public-Private Partnerships

• Building Trust Through Stable Policies

  The Minister emphasized that consistent regulations are essential for creating confidence and enabling smoother flows of trade and investment between the two nations.

• Opening Fresh Investment Opportunities

  She invited Chinese investors to engage with India’s rapidly growing market, pointing to reforms aimed at improving transparency and protecting investor interests.

• Infrastructure and Technology as Key Pillars

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and accelerating technological advancement as vital foundations for stronger bilateral relations.

• Empowering SMEs for Inclusive Growth

  She stressed the essential role of small and medium-sized enterprises in driving inclusive progress, advocating broader access to financing and international markets.

• Creating a Long-Term, Sustainable Partnership

  The Minister concluded by calling for a durable alliance anchored in shared values, innovation, and sustainability to tackle global challenges collectively.

Renewing the Commitment to Shared Prosperity

Sitharaman’s address reaffirmed India’s resolve to deepen its economic relationship with China. Through coordinated policies, innovation-led initiatives, and sustained dialogue, both countries can help shape a stronger and more interconnected global economy.