THE INDIA - MIDDLE EAST - EUROPE ECONOMIC CORRIDOR (IMEC): ECONOMIC PERSPECTIVE

Abstract

The India-Middle East-Europe Economic Corridor (IMEC) initiative was formulated to create a comprehensive transportation network aimed at enhancing trade, fostering economic collaboration, and promoting regional stability; thereby contributing to the reconfiguration of the global order. This article examines the historical context of the initiative's establishment, the commitments and roles of the involved stakeholders, as well as the challenges and opportunities associated with IMEC, and asserts that while this project presents numerous potential advantages, it necessitates careful deliberation to ensure successful implementation.