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Emirates contributes $596m to Indian economy

Dubai’s 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, or NCAER, revealed.

The study released here on Monday indicated that Emirates has contributed $274 million to the country’s air transport sector; $76 million to petroleum and chemicals; $62 million to manufacturing; $39 million to trade, banking and insurance; and $145 million to other sectors of the economy.

Emirates directly employs 1,045 workers and supports a total of 72,323 jobs in India through its operations, with 9,304 jobs being direct employment impact and 63,019 indirect.

“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,” NCAER director-general Shekhar Shah said. “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.

Emirates has brought in 529,928 foreign tourists into the country in 2010-11, resulting in a $1.15 billion contribution to the economy as foreign exchange earning. —