Mood: The mood of this video appears to be light-hearted and comedic, with a sense of excitement and action. The theme seems to revolve around war, but with a humorous twist, as indicated by the tagline 'India's first WAR Comedy'. The overall emotion evoked is one of fun and entertainment.

Environment: The setting of the video seems to be a mix of military and journalistic environments. The presence of a soldier in camouflage, fighter jets, and a rocket launcher suggests a war or military setting. On the other hand, the presence of a woman with a camera suggests a journalistic or media-related setting. The overall setting appears to be a fictional, comedic take on war and its coverage.