Sitharaman Unveils India’s Eco-Vision for the Future at Hoover Gathering

Addressing the Hoover Institution, India’s Finance Minister Nirmala Sitharaman highlighted the growing significance of enhancing economic cooperation between India and China. She presented a forward-looking strategy aimed at broadening trade, boosting cross-border investments, and fostering a durable partnership rooted in trust, innovation, and shared prosperity.

Deepening Strategic Economic Cooperation

Sitharaman underlined the major role both nations play in influencing global economic trends. She stressed the importance of closer regulatory alignment, greater innovation-led collaboration, and the establishment of robust institutional mechanisms to create a transparent, inclusive, and future-focused trading framework.

She also identified renewable energy, digital finance, information technology, and advanced manufacturing as key sectors with the potential to drive sustainable growth and further strengthen bilateral economic ties.

Promoting Public-Private Collaboration

• Building Investor Confidence Through Policy Predictability

  The Minister emphasized that transparent, consistent, and stable policy environments are essential to boosting investor trust and ensuring smoother trade and investment exchanges between the two countries.

• Unlocking New Investment Prospects

  She encouraged Chinese investors to explore India’s rapidly growing market, highlighting ongoing reforms designed to enhance transparency, improve competitiveness, and protect investor interests.

• Infrastructure and Technology as Growth Enablers

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and driving technological advancement as key pillars for sustainable and mutually beneficial economic cooperation.

• Empowering SMEs for Inclusive Economic Growth

  She underscored the vital contribution of small and medium-sized enterprises to inclusive development, calling for improved access to finance and greater participation in global value chains.

• Establishing a Resilient and Sustainable Partnership

  The Minister concluded by stressing the need to build a long-term partnership based on shared values, innovation, and sustainability to jointly address evolving global economic challenges.

Renewing a Shared Vision for Global Prosperity

Sitharaman’s address reaffirmed India’s strong commitment to strengthening its economic relationship with China. Through coordinated policy efforts, innovation-driven strategies, and continuous engagement, both nations can play a defining role in building a more balanced, resilient, and interconnected global economy.