IMEC bridge the modern India is one of the fastest growing economies in the world. The planet in 2024 is expected to grow by 2.4%. In the last 12 months, India grew by 7.6%, which is three times the growth rate of the economy’s turnover. An economy that is the most populous in the whole world. Until 2030 it is estimated that it will increase by 6% every year, which means that it will add the GDP of almost a… Greece, every year by 3.
IMEC a bridge in India to Europe via Greece, apart from a huge economy, India also has governmental stability. In April, the 900 million Indian voters are expected to re-elect Narendra Modi as Prime Minister, as they believe that he has done a very good job in the economy, which is evident since every year in the last years that he has been Prime Minister, the real purchasing power of the Indian, increases by 3% per day.
But India’s big goal abroad is to become the next China. The West realizes this and thus, the famous ‘IMEC’ corridor is in the works, which will connect India, the Middle East and Europe. Every major superpower that wants to have corridors to the major markets of the West presents such a program.
India’s corridor uses Saudi Arabia as a land bridge to cross into Israel and then join Europe via Piraeus or other ports. This is a project that started last year. Many countries are involved, including the United States, several Western European countries. However, at the moment, it is hindered by the situation in the Middle East. However, India has many chances to be the next big global player in trade as well as industry. “This route will be its “bridge” to the markets of the West”.