At the 58th Annual Meeting of the Asian Development Bank in Milan, Indian Finance Minister Nirmala Sitharaman and Italian Minister Giancarlo Giorgetti met to enhance bilateral economic relations. The dialogue aimed at implementing the India-Italy Joint Strategic Action Plan 2025–2029, focusing on green energy, fintech, and sustainable development. With bilateral trade exceeding $14.5 billion in FY2023–24, both nations aim to cooperate in areas like green hydrogen and digital infrastructure. The meeting emphasized achievements in digital public infrastructure and discussions on fintech innovations and green technologies like carbon capture. The ministers also advocated for reforms in Multilateral Development Banks and aligning with Sustainable Development Goals. Additionally, Sitharaman engaged with Japan's Finance Minister to strengthen the India-Japan Strategic and Global Partnership, emphasizing Indo-Pacific cooperation. This partnership not only enhances economic diplomacy but also aligns with India's Viksit Bharat 2047 goal for developed nation status, demonstrating Italy's interest in deepening ties with India.