Question

explain the significance of suez canal for india​

Answer 1

Answer:

Since the opening of the Suez canal, India's distance from Europe has been reduced by 7,000 km. Hence the transportation and trade prospects have improved .

Explanation:

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Answer 2

Answer:

• Reduced distance to Europe  :- The construction of the Suez Canal reduced the distance between India and Europe significantly. It is said that this distance was 7,000kms before the construction of the canal. The reduced distance has led to faster transportation of Indian merchants. Goods can now be transported within 24 hours across Asia to Europe and this is because of the lesser distance between the two continents.

• Increased Trade flows for India :- Prior to the construction of the Suez Canal, India had to transport its goods to Europe using the Cape of Good Hope. This was a much longer route and was a major hindrance to the trade between Europe and India. However, trade flows increased greatly after the construction of the canal. Ships and other vessels travel to Europe from India on a daily basis and trade flows have increased significantly because of this waterway. This has also contributed to the increase in world trade.

• Security Improvement :- For India, one of the major benefits of using the Suez Canal in transporting goods is because it is a secure route compared to the other water routes. This is because the canal experiences less piracy activities as compared to the rest of the water trade routes. The canal has more security and personnel as compared to the other trade routes and merchants are assured of safety for their products.

• Increased employment opportunities:- The Suez Canal has increased trade for India and its partners leading to provision of employment to those in the shipping businesses. There are also opportunities for those who can work as crew members in the water vessels. Ship builders as well as repairers and producers of different goods have a larger market because of this waterway.

India thus supports the canal and continues to benefit from the trade and other spillover effects that the canal has had on the country.

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