Emirates’ operations in India: A US $ 848mn impact on GDP

30 November 2015 02:42 am - 0     - {{hitsCtrl.values.hits}}

A A A



Emirates, the world’s largest international airline, and the National Council of Applied Economic Research (NCAER) in New Delhi, have released the results of an economic impact study that measures Emirates’ contribution to the Indian economy.

The NCAER estimates that Emirates’ operations have contributed over US $ 848 million annually to India’s gross domestic product (GDP), supporting over 86,000 Indian jobs and generating almost US $ 1.7 billion in foreign exchange earnings.

With India’s aim to become the third-largest aviation market by 2020 and the largest by 2030, the NCAER study emphasises the important contribution that Emirates makes to India’s economy and aviation sector. The report also forecasts the increased contribution that Emirates would be able to make if capacity entitlements were expanded.

Emirates Airline Divisional Senior Vice President Strategic Planning, Revenue Optimisation and Aeropolitical Affairs Adnan Kazim said, “Emirates has been committed to India since we started operations in 1985. In the past 30 years, we have progressively grown our services to India by increasing capacity and opening new routes. Today we operate 183 weekly flights to nine points across India, offering our customers in India seamless connections to more than 140 destinations and also facilitating inbound visitors from across our global network into India.”

“The NCAER study underlines the importance of air transport and its role as an economic driver in India. Aviation facilitates trade and tourism and creates employment in many different industries. Emirates’ annual operations alone support more than 86,000 jobs across India and contribute US$848 million to the economy. We are confident that with increased capacity, we can contribute even more to India’s economic growth and development by opening new conduits for trade and investment, through our growing worldwide network.”

NCAER Project Leader Dr. Saurabh Bandyopadhyay said, “The current NCAER report observed that Emirates makes an important contribution to the Indian air transport sector in terms of passenger traffic and foreign exchange earnings (FEE). The airline’s economic contribution to the air transport sector is seen to percolate to the economy at large through various multiplier effects. The study predicts further escalation of economic benefits for the Indian economy as Emirates grows the number of seats into India. This growth would result in direct economic contribution, multiplier effect on output and job-creation along with an induced effect on tourism. Apart from the quantified benefits from Emirates’ operations in India, the identified qualitative benefits also entreat an expansion of its operation in India.”

In February 2014, the aeronautical authorities of India and the UAE negotiated the first expansion of seat entitlements since 2008. As a result, Dubai-based carriers were awarded an additional 11,000 seats per week. The NCAER study models the economic value of potential future bilateral increases and forecasts that, if Emirates were to operate an additional 4,500 weekly seats between India and Dubai, an additional 4,800 jobs would be created, foreign exchange earnings would rise to US $ 1.8 billion with the arrival of almost 40,000 more tourists a year.If the bilateral arrangements were expanded to allow an additional 13,849 seats per week, the NCAER forecasts that Emirates’ operations would support 100,405 jobs a year, contribute US $ 987.8 million towards GDP and boost foreign exchange earnings to US $ 2 billion per year.

Considering the breadth of Emirates’ network and how the demand for air travel is expected to double in the next five to 10 years in India, Emirates is well positioned to bring a growing number of tourists and business travellers to the country, further enabling trade and investment. The report was launched in New Delhi, in the presence of NCAER Project Leader Dr. Saurabh Bandyopadhyay and Emirates Airline Vice President India and Nepal Essa Sulaiman Ahmad.
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Employees’ health and safety our top-most priority - Brandix

When inquired, Brandix Apparel Limited said that health and safety of employe

“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.