Sitharaman Highlights India’s Bold Green Transformation at Hoover Gathering

While addressing the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the increasing importance of strengthening economic engagement between India and China. She outlined a forward-looking strategy centered on expanding trade, boosting cross-border investments, and cultivating a lasting partnership founded on trust, innovation, and shared prosperity.

Strengthening Strategic Economic Collaboration

Sitharaman underlined the influential roles both countries play in shaping the global economic order. She called for enhanced regulatory coordination, stronger innovation-driven cooperation, and the creation of resilient institutional structures to promote a transparent, inclusive, and future-oriented trading framework.

She further identified renewable energy, digital finance, information technology, and advanced manufacturing as key growth sectors that can drive sustainable progress and deepen bilateral economic relations.

Fostering Public-Private Partnerships

• Boosting Investor Confidence Through Policy Consistency

  The Minister noted that transparent, reliable, and predictable policy environments are crucial for strengthening investor confidence and facilitating smooth trade and investment flows between the two nations.

• Opening New Pathways for Investment

  She encouraged Chinese investors to explore opportunities within India’s expanding market, pointing to ongoing economic reforms aimed at improving transparency, increasing competitiveness, and ensuring investor protection.

• Infrastructure and Technology as Pillars of Growth

  Sitharaman reaffirmed India’s focus on modernizing infrastructure and advancing technological innovation as fundamental pillars for sustainable and mutually beneficial cooperation.

• Empowering SMEs to Foster Inclusive Development

  She highlighted the essential role of small and medium-sized enterprises in supporting inclusive growth, advocating for wider access to financing and greater integration into global value chains.

• Forging a Long-Term and Sustainable Partnership

  The Minister concluded by emphasizing the importance of building a resilient, enduring partnership rooted in shared values, innovation, and sustainability to collaboratively address evolving global economic challenges.

Reinforcing a Collective Vision for Prosperity

Sitharaman’s remarks reaffirmed India’s strong resolve to enhance its economic engagement with China. Through coordinated policy actions, innovation-focused initiatives, and continuous dialogue, both nations can contribute significantly to shaping a more balanced, resilient, and interconnected global economy.