At least it would be a guided missile, but the point is, we don't have the 1970 or 80s anymore, you don't need fighters to do dive attacks with unguided weapons in close distance, ESPECIALLY when your target is a modern fast moving and small gun boat. Even naval helicopters, or MPAs today uses weapons similar to LAHAT or SPIKE to effectively engange such targets, which a single missile, from safe distance and without the need of any maneuvering of the launch platform itself. Any bigger and armored target will be attacked with Kh 35s anyway, shich shows that these big rocket pods are not really useful for IN fighters, operated from a carrier.
Not surprising since it's based on the newer airframe, but I found it strange that he tried hard to make the K look clearly different to IAFs current version, instead of showing the commonality to the UPG.