Key Points

The India-Middle East-Europe Economic Corridor (IMEC) represents a groundbreaking opportunity for India's economic expansion under Prime Minister Modi's leadership. Union Minister Mansukh Mandaviya highlighted how this corridor transcends traditional trade, focusing on cultural and civilizational connections. India's unique approach, demonstrated during the COVID-19 pandemic, positions the country as a distinctive global economic player. The IMEC initiative promises to elevate India's economic status, potentially making it the world's third-largest economy.

Key Points: Modi's IMEC Plan to Boost India's Global Economic Rise

  • IMEC aims to connect economies beyond trade
  • India positioned as global economic transformation leader
  • Unique development model emphasizes cultural exchange
  • Strategic infrastructure connectivity showcases India's potential
2 min read

IMEC will help India become world's 3rd-largest economy: Mansukh Mandaviya

Mansukh Mandaviya reveals how IMEC corridor will transform India's economic landscape and global trade potential

"In India, health is not commerce -- health is service - Mansukh Mandaviya"

New Delhi, April 16

The India-Middle East-Europe Economic Corridor (IMEC) will play a crucial role in making India the world's third-largest economy, Union Labour and Employment Minister Dr. Mansukh Mandaviya said here on Wednesday.

He highlighted that under the leadership of Prime Minister Narendra Modi, global expectations from India have grown significantly since the launch of the IMEC initiative in 2023.

Dr. Mandaviya explained that this corridor is not just about the exchange of goods, but also about the exchange of culture and values.

"Our policies and culture show that this corridor will connect not just economies, but also civilizations,” he said while speaking to at the IMEC event in the national capital.

Looking at history, he added that India has always been at the centre of world trade. For thousands of years, traders from around the globe chose India for business and commerce, and that legacy continues today. “That truth is still alive,” he said.

Mandaviya stressed that India must follow its own development model instead of copying foreign systems.

He pointed to India's success during the Covid-19 crisis as an example.

“At that time, many believed that India couldn’t manage the pandemic. But PM Modi stood firm and said, in India, health is not commerce -- health is service. Service is our culture,” he said.

He added that this spirit of service helped India create a unique and successful model during the pandemic. Now, a similar India-first model can be applied to economic corridors like IMEC.

“Infrastructure like ports, highways, and railways exists worldwide. But how we use connectivity to bring about cultural and economic change -- that’s where India offers something different,” he said.

Speaking about India’s emerging role in the global job market, Mandaviya shared that Israel has shown interest in hiring skilled plumbers and carpenters from India.

“They need workers, but their qualification standards are different. So, I have decided that India should become the best platform for such global opportunities,” he said.

- IANS

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Reader Comments

R
Rajesh K.
This is such an exciting vision for India's future! The IMEC corridor could be a game-changer for our economy and global standing. PM Modi's leadership in these strategic initiatives is commendable. 🇮🇳
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Priya M.
While I appreciate the ambition, I hope we're also focusing on domestic challenges like job creation and infrastructure development. The corridor sounds promising, but let's make sure benefits reach all sections of society.
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Amit S.
Connecting cultures through trade is brilliant! Our ancient trade routes were about more than commerce - they spread ideas and knowledge. Glad to see this perspective being revived.
S
Sunita P.
The mention of skilled workers for Israel is interesting. We need more such opportunities for our blue-collar workforce. Hope the government creates proper training programs to meet international standards.
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Vikram J.
India's COVID response was indeed impressive. If we can bring that same efficiency to economic projects like IMEC, the third-largest economy target seems achievable. Fingers crossed!
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Neha T.
Cultural exchange through economic corridors is such a fresh approach! 🌍 Can't wait to see how this shapes India's soft power globally. Our ancient wisdom combined with modern infrastructure - perfect combo!

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