$17 Billion MASTERSTROKE Killing India's IMEC

Tavsif:

In 2023, India and its allies announced the IMEC project, a game‑changing trade corridor meant to rival China’s Belt and Road Initiative. But just a year later, IMEC is on the verge of collapse, and its deathblow is coming from an unexpected player: Iraq. How did a $17 billion megaproject from Iraq threaten to dismantle India’s grand vision? Why is this Development Road, funded by Qatar, the UAE, and Turkey, suddenly racing ahead while IMEC struggles to survive? And what does this mean for India’s strategic ambitions on the global stage? With political instability in West Asia, escalating conflicts, and Iraq’s ambitious dry canal project moving forward, the very foundation of IMEC is shaking. Many are now questioning if India’s dream corridor was merely an illusion, while Iraq quietly builds a direct link between Asia and Europe, bypassing traditional routes altogether. Is IMEC really dead? Or is India planning a countermove to reclaim its global trade edge?