The storytellers' bazaar

The enduring legacy of trade routes lies in shared stories and religious diversity. Can the India-Middle East-Europe Economic corridor harness this legacy to empower nations?

exports, imports, trade

Arundhuti Dasgupta
As the tents rolled up on the G20 (+1) jamboree in New Delhi earlier this month, and a flurry of hugs and triumphant smiles greeted a blitzkrieg of flashing lights, a remarkable inter-continental trade alliance made its place in the world. The India-Middle East-Europe Economic corridor, or IMEC, which was soon dubbed the New Spice Route, is being seen as one of the biggest payouts of the season. It has been called historic, a game changer, and the White House has called it a project that will “usher in a new era of connectivity”.

It may well live up to the hyperbole. But the negotiating heft on display at the G20 tables is no guarantor of success. As accounts of
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

First Published: Sep 15 2023 | 11:26 PM IST

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