The India-Middle East-Europe Economic Corridor (IMEC) is a proposed Int. economic corridor that aims to promote economic cooperation and integration among India, the Middle East, and Europe. The corridor is envisioned to facilitate trade, investment, and connectivity between these regions, which are home to some of the fastest-growing economies in the world. The IMEC is a key component of India’s ‘Act East’ policy, which seeks to deepen ties with countries in Southeast and East Asia. The corridor would provide a shorter and more cost-effective link between India and Europe, compared to traditional routes through the Suez Canal. It would also enhance connectivity between South Asia and the Middle East, which is a major oil and gas supplier to India.
The IMEC is expected to boost trade and investment flows, create new jobs, and promote sustainable development in the participating countries. It would also help to reduce transportation costs, shorten trade routes, and improve energy security for all parties involved.
