At Hoover Forum, Finance Minister Shares India’s Vision for Economic Progress

Speaking at the Hoover Institution, Indian Finance Minister Nirmala Sitharaman emphasized the urgent need to reinforce economic ties between India and China. She outlined a forward-looking strategy to expand trade, stimulate cross-border investment, and build a durable, future-ready economic alliance.

Building the Foundation for Strategic Economic Collaboration

Sitharaman noted the influential roles both nations hold in shaping the global economic landscape. She advocated for closer regulatory alignment, innovation-led cooperation, and stronger institutional structures to create a more flexible and inclusive trading framework.

She identified priority growth areas—including information technology, renewable energy, advanced manufacturing, and digital finance—as essential drivers of shared prosperity and sustainable progress.

Strengthening Public-Private Sector Collaboration

• Policy Harmonization to Build Confidence

  The Minister highlighted the importance of aligning regulations to foster trust and enable smoother trade and investment between the two economies.

• Creating New Avenues for Investment

  Sitharaman invited Chinese investors to explore India’s rapidly growing market, referencing reforms aimed at boosting transparency and safeguarding investor interests.

• Driving Growth Through Infrastructure and Innovation

  She reiterated India’s dedication to infrastructure development and technological advancement as key pillars for enhancing bilateral ties.

• Empowering SMEs for Inclusive Development

  The Minister stressed the role of small and medium-sized enterprises in promoting inclusive growth and urged broader access to financing and international opportunities.

• Forging a Resilient, Sustainable Economic Alliance

  She concluded by advocating for a long-term partnership rooted in shared values, innovation, and sustainability to address emerging global challenges together.

Renewing Commitment to Bilateral Economic Progress

Minister Sitharaman’s speech reaffirmed India’s determination to deepen economic engagement with China. Through coordinated policies, innovation-driven collaboration, and sustained dialogue, both nations can contribute to building a more integrated and resilient global economy.