Wednesday, March 18, 2015

Maharashtra's economic growth surges with Mumbai Airport

Maharashtra is expected to reap windfall gains on the economic front from the Mumbai Airport, according to a research study report conducted by independent agency The National Council of Applied Economic Research (NCAER).

The Airport is also predicted to generate as high as about USD 10 billion from total (direct, indirect & induced) value added revenues of airport operations by the year 2022-23 or about 4.02% of Maharashtra's GSDP.

The Mumbai Airport directly generated revenues of USD 600 million in the year 2009-2010 from the aviation operations and thereby contributed 0.44% to Maharashtra's GSDP. More importantly, the Chhatrapati Shivaji International Airport (CSIA) created 41,000 jobs directly comprising about 0.010% of Maharashtra's employment and combined figures for direct & indirect employment being 460,000.
17/03/15 my iris
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