New Delhi: After having exhausted additional allocation of 6,000 seats per week last year, Gulf carrier Emirates is vying for more as it tried to make a case for it by coming out with a study on the economic impact of its Indian operations along with National Council of Applied Economic Research (NCAER). The joint study works on two scenarios; one of an increase of 4,500 seats per week and the second of an addition of 13,849 seats per week by phasing out its Airbus A330 and Boeing 777 classics and replacing them with B777-300ER.
The report showed that the economic gains accruing in the first case would be $47.5 million addition to Emirates's current contribution of $848.6 million to the GDP, taking it up to $896.1 million and creation 4,831 jobs. Emirates, today, employs 86,255 Indians for the 185 flights it operates to and from India every week. This would go up to 91,086 jobs. In the event of its seats going up by 13,849 per week, its contribution to GDP would jump by $139.2 million to $987.8 million from the current $848.6 million and offer employment to 14,150 more Indians. Besides impacting the national income and employment, more bilateral rights to Emirates would also positively impact government's foreign exchange earnings, which could climb from $1.7 billion per year at present to $1.8 billion per year for the first scenario, and to $2 billion per year for the second. Inbound tourists are projected to rise from 6.73 lakh per year to 7.11 lakh per years in case 4,500 seats are added and to 7.84 lakh per year with 13,849 more seats.
27/11/15 Praveena Sharma/Daily News & Analysis
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The report showed that the economic gains accruing in the first case would be $47.5 million addition to Emirates's current contribution of $848.6 million to the GDP, taking it up to $896.1 million and creation 4,831 jobs. Emirates, today, employs 86,255 Indians for the 185 flights it operates to and from India every week. This would go up to 91,086 jobs. In the event of its seats going up by 13,849 per week, its contribution to GDP would jump by $139.2 million to $987.8 million from the current $848.6 million and offer employment to 14,150 more Indians. Besides impacting the national income and employment, more bilateral rights to Emirates would also positively impact government's foreign exchange earnings, which could climb from $1.7 billion per year at present to $1.8 billion per year for the first scenario, and to $2 billion per year for the second. Inbound tourists are projected to rise from 6.73 lakh per year to 7.11 lakh per years in case 4,500 seats are added and to 7.84 lakh per year with 13,849 more seats.
27/11/15 Praveena Sharma/Daily News & Analysis
