Inside India’s response to the global helium shortage

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[background music] Hello, folks. You're tuned into Finshots Daily. In today's episode, we talk about the global helium shortage and how India is navigating it. Before we begin, here's a quick word from Team Ditto. Life can be unpredictable, and if the main earner is not around, the bills won't stop. That's why term insurance is so important. It gives your family a fixed payout, so they can cover school fees, EMIs, and daily expenses without stress. If you buy it early, you can get a one crore cover for as little as thousand rupees a month, and the premium stays the same for your entire policy term. That's real peace of mind at a very small cost. And if you're not sure which plan is right for you, book a free call with Ditto. No spam, just honest guidance. And we're trusted by over eight lakh people for their health and term insurance needs. Now, back to the story. A few days ago, Union Bank of India released a report on the prolonged closure of the Strait of Hormuz due to war, and how it could reprice global risk because of rising oil and gas prices. The report said that disruption in Hormuz have pushed oil prices above hundred dollars per barrel, up from a stable level of around seventy dollars before the war. That somehow feels like an energy tax on India's economy since we import nearly eighty-five percent of our crude oil. But while everyone is talking about oil price rises and inflation, there's one thing fewer people are talking about, and that, folks,