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PWOnlyIAS January 18, 2024 11:58 2009 0
Instability in the Middle East & Red Sea Crisis: The Houthi rebels of Yemen are stepping up their strikes on ships passing through the Red Sea region.
Instability in the Middle East & Red Sea Crisis: The Houthi rebels of Yemen are stepping up their strikes on ships passing through the Red Sea region.
The Houthis:
Continue To Read: How Are Houthi Attacks On Ships In The Red Sea Affecting Global Economy? |
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Red Sea Crisis and Its Impact on the World | |
Criteria | Description |
Geo-Political Crisis |
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Economic Crisis |
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Humanitarian Crisis |
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Red Sea Crisis and Its Impact on India | |
Criteria | Description |
Fuel prices | The government, which was planning to reduce the prices of fuel, will have to give up the idea owing to the rise in crude oil prices. |
Affects Indian Exports | Indian exporters will have to hold on to their consignment or reroute it through the longer Atlantic Ocean route. In many cases, exporters also have to bear higher insurance costs. |
Domestic Inflation | Domestic inflation may witness a rise due to increase in cost of imported commodities, especially petroleum and natural gas. |
Regional Security | India is located in close proximity to the Red Sea region and instability could affect India’s maritime security. |
Indian Diaspora | Indian diaspora living in the regions surrounding the Red Sea could face the brunt of the security crisis. |
The Red Sea
The Suez Canal
Also Refer: The Ben Gurion Canal Project – A New Maritime Route |
Further Reading: The Red Sea Crisis
Must Read | |
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