India’s Pro-Growth Economic Strategy Unveiled by Sitharaman at Hoover Gathering

During her address at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the urgent need to enhance economic collaboration between India and China. She presented a progressive plan designed to expand trade, increase cross-border investments, and establish a strong, future-ready partnership.

Bolstering Strategic Economic Cooperation

Sitharaman highlighted the pivotal positions both countries occupy in the global economy. She called for deeper regulatory alignment, innovation-focused initiatives, and stronger institutional support to create a more adaptable and inclusive trading ecosystem.

She identified priority sectors—such as renewable energy, digital finance, information technology, and advanced manufacturing—as vital engines of sustainable growth and shared prosperity.

Promoting Public-Private Synergies

• Fostering Trust Through Regulatory Consistency

  The Minister noted that aligning regulations is crucial to strengthen confidence and streamline trade and investment between the two nations.

• Opening Fresh Investment Opportunities

  She encouraged Chinese investors to engage with India’s expanding market, pointing to reforms aimed at boosting transparency and protecting investor interests.

• Infrastructure and Technology as Key Drivers

  Sitharaman reaffirmed India’s commitment to upgrading infrastructure and advancing technology as essential pillars of stronger bilateral ties.

• Strengthening SMEs for Inclusive Growth

  She underscored the crucial role of small and medium-sized enterprises in driving inclusive development, advocating broader access to finance and international markets.

• Establishing a Lasting, Sustainable Partnership

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

Renewing the Commitment to Mutual Prosperity

Sitharaman’s speech reaffirmed India’s determination to deepen its economic relationship with China. Through coordinated policies, innovation-driven efforts, and ongoing dialogue, both countries can help shape a more resilient and interconnected global economy.