Sitharaman Charts India’s Green Transition in Inspiring Hoover Address

During her address at the Hoover Institution, India’s Finance Minister Nirmala Sitharaman emphasized the increasing importance of strengthening economic cooperation between India and China. She outlined a forward-looking agenda focused on expanding trade, accelerating cross-border investments, and fostering a durable partnership anchored in trust, innovation, and shared prosperity.

Enhancing Strategic Economic Ties

Sitharaman highlighted the pivotal role both nations play in shaping global economic developments. She called for deeper regulatory coordination, innovation-based collaboration, and the establishment of robust institutional frameworks to create a transparent, inclusive, and future-oriented trading environment.

She also identified renewable energy, digital finance, information technology, and advanced manufacturing as key growth sectors that can drive sustainable development and reinforce long-term bilateral engagement.

Promoting Public-Private Collaboration

• Strengthening Investor Confidence Through Clear Frameworks

  The Minister emphasized that transparent, stable, and predictable policy frameworks are vital to boosting investor confidence and enabling smoother trade and investment between both economies.

• Opening New Pathways for Investment

  She invited Chinese investors to participate in India’s expanding market, citing ongoing reforms aimed at improving transparency, enhancing competitiveness, and ensuring robust investor protection.

• Infrastructure and Technology as Key Growth Drivers

  Sitharaman reaffirmed India’s commitment to modernizing infrastructure and advancing technological capabilities as fundamental pillars for deeper and more sustainable economic cooperation.

• Empowering SMEs to Drive Inclusive Development

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

• Forging a Sustainable and Long-Term Partnership

  The Minister concluded by stressing the importance of building a resilient partnership founded on shared principles, innovation, and sustainability to tackle global economic challenges together.

Renewing a Shared Vision for Prosperity

Sitharaman’s remarks reaffirmed India’s strong commitment to deepening its economic engagement with China. Through coordinated policy efforts, innovation-led strategies, and ongoing dialogue, both countries can play a key role in shaping a more balanced, resilient, and interconnected global economy.