Current Affairs - Economy - Discussion

Chabahar Port, located in Iran’s Sistan-Baluchistan region, is India’s only deep-sea port with direct open-ocean access outside the Strait of Hormuz. Developed under the 2016 Chabahar Agreement between India, Iran, and Afghanistan, it offers a vital trade route to Afghanistan and Central Asia, bypassing Pakistan. The port enhances India’s regional connectivity via the International North-South Transport Corridor (INSTC), supports humanitarian aid, and strengthens strategic presence in the Indian Ocean. It also counters China’s Gwadar Port and BRI influence, making it central to India’s economic and geopolitical ambitions despite challenges like US sanctions.