Imagine ordering something online and being told that your package is delayed because a road hundreds of kilometers away has been blocked. Now imagine that happening not to a package, but to entire countries trying to trade with one another. This is essentially what the world is witnessing today. Over the past few years, conflicts in the Middle East and West Asia have repeatedly disrupted some of the world's busiest trade routes. Wars, missile attacks, and tensions between regional powers have affected shipping lanes through which billions of dollars worth of goods pass every day. As a result, transportation costs rise, deliveries get delayed, and economies around the world feel the impact. For India, these developments highlight the importance of a project announced during the G20 Summit in New Delhi in September 2023—the India-Middle East-Europe Economic Corridor (IMEC). At first glance, IMEC may sound like just another infrastructure project. In reality, it is much more than tha...
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