INDIA MIDDLE EAST EUROPE ECONOMIC CORRIDOR: A STRATEGIC STUDY
DOI:
https://doi.org/10.29121/shodhkosh.v5.i6.2024.3661Keywords:
IMEC, BRI, Collaboration, Economic, CorridorAbstract [English]
India Middle East Economic Corridor was a project to counter China’s BRI and strengthening the India Middle East, Europe’s collaboration in the sector of Economic, Energy, Infrastructure and politics’, security etc. Sept, 2023 in New Delhi G20 summit members US, India, UAE, Saudi Arabia, Italy, Germany, EU signed an Auxiliary Memorandum of Understanding to develop this project. A key component of the IMEC is the development of integrated infrastructure, including ports, railways, and highways, which would significantly reduce trade costs and time. This initiative is poised to play a central role in India's growing economic influence in the region while supporting Middle Eastern countries’ efforts to diversify their economies away from oil dependency.
In this research paper we investigate the strategic importance of IMEC and Challenges to complete this project. Also this study highlights how this corridor not only diversifies energy sources and routes but also reconfigures geopolitical alliances and economic dependencies in Asia and beyond.
References
Bhatt, Yagyavalk., Roychoudhury, Jitendra (2023) “India-Middle East-Europe Economic Corridor (IMEC) Bridging Economic and Digital Aspirations”King Abdullah Petroleum Studies and Research Centre.
Singh, Satyam., Raja, Wasem., Kumar,Sandeep.,Uppal,Akriti.(2024) “India-Middle East-Europe Economic Corridor: A Strategic Energy Alternative” Peer-reviewed research, Department of National Security Studies, Central University of Jammu, India,URL-https://doi.org/10.46557/001c.123649. DOI: https://doi.org/10.46557/001c.123649
Sauvignon,Fanny.,Benaglia,Stefania.(2024)“An India-Middle East-Europe Corridor For Peace: The Eu’s Role In Transforming A Grand Announcement Into An Inclusive Forum” Euromesco Policy Brief N. 136.
Rizzi,Alberto. (2024)“The Infinite Connection: How to Make The India-Middle East-Europe Economic Corridor Happen” European Council of Foreign Relation, Policy Brief, ecfr.eu
Fazli,Azizahmad.(2024), “India, Middle East and Europe Economic Corridor” International Journal Of Advance Research And Innovative Ideas In Education, Research Gate, IJARIIE-ISSN(O)-2395-4396.
Suri,Navdeep.,Ghosh,Nilanjan.,Taneja,Kabir.,Patil,Sameer.,Mookherjee,Promit.“INDIA-MIDDLE EAST-EUROPE ECONOMIC CORRIDOR: Towards a new discourse in global connectivity” Observer Research Foundation.
Musabbeh,Al Darmaki Abdullah.(2024)“India Middle East Europe Economic Corridor: Opportunities and Challenges” Indian Council of World Affairs, Sapru House, New Delhi.
Sauvignon,Fanny.,Benaglia,Stefania.(2024)“WHY IMEC NEEDS TO CHANGE COURSE IN THE EUROMED: TO INVEST IN THE TRUE DRIVERS OF PEACE AND ECONOMIC SECURITY” Euromesco paper N.71
Next IAS team (2024)“India-Middle East-Europe Economic Corridor (IMEC)”,URL: https://www.nextias.com/blog/india-middle-east-europe-economic-corridor/#:~:text=Way%20Forward-,What%20is%20the%20India%2DMiddle%20East%2DEurope%20Economic%20Corridor%3F,security%2C%20and%20optimizing%20supply%20chain
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Dibya Bonia, Dipankar Borah
This work is licensed under a Creative Commons Attribution 4.0 International License.
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
