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International airline Emirates’ operations in India contributed over $848 million annually to the nation’s GDP in 2013-14, supporting over 86,000 Indian jobs and generating almost $1.7 billion in foreign exchange earnings, a joint study by National Council of Applied Economic Research (NCAER) and the airline said.
India aims to become the third largest aviation market by 2020 and the largest by 2030.
“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,” said Adnan Kazim, Divisional Senior Vice President – Strategic Planning, Revenue Optimisation and Aeropolitical Affairs, Emirates Airline.
“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,” said Saurabh Bandyopadhyay, NCAER Project Leader.
NCAER forecasts that if Emirates were to operate an additional 4,500 weekly seats between India and Dubai, it would create 4,800 more jobs, and forex earnings would rise to $1.8 billion with the arrival of almost 40,000 more tourists a year.
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