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Podcast: businessline's State of the Economy Podcast
Episode: How is the Red Sea crisis impacting India's trade and the global economy?
Description: In this episode of the State of the Economy Podcast, Amiti Sen speak to Ajay Srivastava, former Indian Trade Service Officer and Co-founder of the Global Trade Research Initiative, to know more about the escalating Red Sea crisis and its implications for India and the world. Since November 2023, Yemen-based Houthi militia have targeted cargo ships in the Red Sea, claiming solidarity with Palestinians in Gaza. As tensions rise, 95% of vessels have rerouted around the Cape of Good Hope, adding 4000 to 5000 nautical miles and 15 to 20 days to journeys. The implications are far-reaching, impacting freight costs, delayed de...