Sitharaman Unveils India’s Growth Strategy at Hoover Gathering

Speaking at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman stressed the urgent need to advance economic engagement between India and China. She laid out an ambitious strategy to widen trade, boost cross-border investments, and build a durable, future-oriented partnership.

Strengthening Strategic Economic Cooperation

Sitharaman emphasized the significant impact both nations have on the global economy. She called for stronger regulatory alignment, innovation-led initiatives, and reinforced institutional frameworks to create a more flexible and inclusive trading system.

She spotlighted high-growth areas—renewable energy, digital finance, information technology, and advanced manufacturing—as key drivers of sustainable development and shared prosperity.

Boosting Public-Private Partnerships

• Fostering Confidence Through Regulatory Harmony

  The Minister noted that consistent policies are essential for building trust and enabling smoother flows of trade and investment between the two nations.

• Opening Fresh Investment Pathways

  She invited Chinese investors to explore India’s dynamic market, highlighting reforms aimed at enhancing transparency and safeguarding investor interests.

• Infrastructure and Technology as Core Foundations

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and driving technological innovation as central pillars of stronger bilateral relations.

• Enabling SMEs for Inclusive Growth

  She underlined the vital role of small and medium-sized enterprises in advancing inclusive development, advocating greater access to finance and global markets.

• Creating a Sustainable, Long-Term Partnership

  The Minister concluded by urging the formation of a lasting alliance grounded in shared values, innovation, and sustainability to address global challenges together.

Reaffirming Commitment to Shared Prosperity

Sitharaman’s address reinforced India’s resolve to deepen its economic relationship with China. By aligning policies, fostering innovation, and maintaining open dialogue, both countries can help shape a more resilient and interconnected global economy.