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'Emirates Airline contributes $596 million to
Indian economy'
Monday September 03, 2012 07:52:56 PM,
IANS
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New Delhi: Dubai-based
Emirates Airline has contributed $596 million to the Indian
economy by way of boosting air transport, manufacturing and
services sectors and creating direct and indirect employment, a
study by the National Council of Applied Economic Research (NCAER)
revealed.
The study released here Monday indicated that Emirates Airline has
contributed to the Indian economy by way of $274 million in air
transport sector; $76 million in petroleum and chemicals sector;
$62 million in manufacturing sector; $39 million in trade, banking
and insurance sector and $145 million in other sectors of the
economy.
Emirates directly employs 1,045 employees and supports a total of
72,323 jobs in India through its operations - with 9304 jobs being
direct employment impact and 63,019 jobs being indirect employment
impact.
"This is the first comprehensive study of its kind. We have
studied four impacts: first, the direct contribution of airline
operations on the Indian economy; second, the indirect
contribution of aviation to other sectors through multiplier
effects; third, the generation of jobs in India; and fourth,
contributions through the tourist dollars earned," Shekhar Shah,
director general, NCAER.
"We have also looked at the regional benefits that accrue to
smaller cities when they are linked to India's major air hubs,"
Shah said after releasing the report here.
On the tourism front, Emirates Airline has brought in 529,928
foreign tourists into the country in 2010-11, as a result of
which, $1.15 billion has been contributed to the economy as
foreign exchange earning.
For every $1 that Emirates contributes in the Indian air transport
sector, it generates an additional $1.17 in the Indian economy.
This means that the output multiplier for Emirates' contribution
in the Indian economy is 2.176, the study revealed.
"Emirates is committed to further investment and growth in the
Indian market with the deployment of the latest generation
aircraft and launching new routes over the medium term," said
Andrew Parker, senior vice president of Emirates Airline for
public, industry and international affairs.
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