December 25, 2024 06:50 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Former home secy Ajay Kumar Bhalla appointed Manipur Guv amid ethnic violence resurgence | Five soldiers killed, several injured as Army truck falls into Poonch gorge | Allu Arjun quizzed by police in Pushpa 2 stampede case | Wanted Indian drug smuggler killed in the US | Congress leader files complaint against Allu Arjun for 'insulting police' in Pushpa 2: The Rule | Ahead of Jaishankar's US visit, foreign secretary Vikram Misri meets top US diplomats | India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people

Emirates' Operations in India: a US$848 million impact on GDP

| | Nov 26, 2015, at 10:36 pm
Kolkata, Nov 26 (IBNS) Emirates, the world’s largest international airline, and the National Council of Applied Economic Research (NCAER) in New Delhi, on Thursday released the results of an economic impact study that measures Emirates’ contribution to the Indian economy.

NCAER estimates that Emirates’ operations have contributed over US$848 million annually to India’s 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.

Adnan Kazim, Divisional Senior Vice President – Strategic Planning, Revenue Optimisation and Aeropolitical Affairs, Emirates Airline 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[i], offering our customers in India seamless connections to more than 140 destinations, and also facilitating inbound visitors from acrossour 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.”

Dr.Saurabh Bandyopadhyay, NCAER, 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, 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 5-10 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 today, in the presence of Dr Saurabh Bandyopadhyay, Project Leader, NCAER; and Essa Sulaiman Ahmad, Vice President – India and Nepal, Emirates Airline.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.