How the Red Sea War will affect the Indian Economy? EXPLAINED IN 8 mins

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VIDEO INTRODUCTION:

Hello everybody,

The red sea is officially at war!

On 19th of november, a ship named Galaxy Leader was hijacked by a group called the Houthis in the Red Sea. and While most people thought this was just yet another rebel attack, what followed next was so crazy that this incident is on the verge of putting the entire world economy on the edge of disruption again!! Because its not one or two attacks, there have been 37 attacks on commercial ships by the Houthis using drones! And now this war has come close to India!

Now just like any other geopolitical conflict, this conflict has Iran and Russia on one side and the US, Israel and UAE on the other side! And since the red sea has 2 critical choke points of world trade, it has already had a wide scale impact on both the world trade and Indian trade to Europe and US.
And again, if this conflict escalates, we all know what happens, oil price shoot up, inflation spikes, and economies all around world will suffer!

So in this episode today let’s dive deep in and understand,
Who are these Houthi rebels?
Why are they attacking the ships in the red sea?
Why is the red sea so important?
How is this conflict putting the world economy at the edge of disruption?
And most importantly, how is the business in India and the world being affected due to this war?

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✅Study Materials:
https://www.politico.eu/article/the-red-sea-crisis-explained-houthis-austin-israel-gaza-iran-shipping-suez-drones-yemen-task-forse-153-red-sea/

https://www.rte.ie/news/business/2023/1222/1423375-red-sea-disruptions/

https://www.usatoday.com/story/graphics/2023/12/22/us-warships-target-houthi-rebels/71974071007/

https://www.livemint.com/economy/what-is-red-sea-crisis-who-are-yemen-houthi-rebels-israel-hamas-war-gaza-explained-11703090050424.html

https://www.bbc.com/news/world-middle-east-67614911

https://www.deccanherald.com/world/shipping-costs-delivery-time-to-rise-amid-red-sea-crisis-2822923

https://www.thehindubusinessline.com/economy/logistics/global-containerised-cargo-trade-in-troubled-waters-due-to-red-sea-impact/article67666490.ece

https://indianexpress.com/article/business/freight-rates-could-surge-25-30-if-trouble-along-red-sea-route-continues-9075217/

https://www.livemint.com/industry/media/salaar-box-office-collection-day-2-after-rs-95-crore-on-day-1-prabhas-movie-bags-rs-20-crore-in-advance-booking-11703298361053.htm

https://indianexpress.com/article/business/export-of-basmati-rice-could-be-affected-by-red-sea-attacks-9078226/

https://www.livemint.com/companies/news/houthi-red-sea-threat-ikea-faces-delays-possible-supply-shortages-11703086005250.html

https://www.hindustantimes.com/cities/others/red-sea-crisis-kanpur-exporters-hold-back-rs-100-crore-worth-consignments-101703339123174.html

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