EMIRATES AIRLINE CONTRIBUTES US$596 MILLION TO THE INDIAN ECONOMY: NCAER STUDY
Expansion of an efficient civil aviation sector is important for India as it becomes increasingly linked to global commerce and tourism. The National Council of Applied Economic Research (NCAER) undertook a study on the economic impact of Emirates Airline’s operations on the Indian economy.
The study highlights the inter-linkages between the civil aviation sector with other sectors in the economy and generation of income and employment through these linkages.
Dr Pronab Sen, Principal Advisor in the planning Commission released the study titled ‘Emirates in India – Assessment of Economic Impact and Regional Benefits’ at a function organized by NCAER on 3 September. The findings of the study are based on the data obtained from Emirates and sources from India’s official statistics.
Major findings of the study:
Emirates has contributed US$596 million to the Indian Economy by way of US$274 million in the Air Transport sector; US$76 million in the Petroleum and Chemicals sector; US$62 million in the Manufacturing sector; US$39 million in the Trade, Banking and Insurance sector and US$145 million in other sectors of the economy.
Emirates directly employs 1045 employees and supports a total of 72323 jobs in India through its operations – with 9304 jobs being direct employment impact and 63019 jobs being indirect employment impact.
On the tourism front, Emirates has brought in 529928 foreign tourists into the country in FY 2010-11, as a result of which, US$1153 million has been contributed to the economy as Foreign Exchange Earning (FEE).
04/09/2012 : Al Bawaba Business.
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