Monday, September 03, 2012

Efficient civil aviation sector important for India’s economy

New Delhi, September 3:    An efficient civil aviation sector is important for India as it is inter-linked with other sectors in the economy and generates income and employment through global commerce and tourism, a study says.

“A well-managed civil aviation infrastructure and efficiently-run, competitive airlines are a must in today’s globalised world. The presence of such infrastructure and airlines in India can bring down transport and communication costs, promote commercial and cultural activity, create jobs, and ultimately unify people and markets,” said Shekhar Shah, Director General, NCAER.

The National Council of Applied Economic Research (NCAER) undertook the study on the economic impact of Emirates Airlines’ operations on the Indian economy.

Titled ‘Emirates in India – Assessment of Economic Impact and Regional Benefits’, the study was released by Pronab Sen, Principal Advisor in the Planning Commission at a function organised by NCAER here today.

According to the study, Emirates contributed $596 million to the Indian economy by way of $274 million in the air transport sector; $76 million in the petroleum and chemicals sector; $62 million in the manufacturing sector; $39 million in the trade, banking and insurance sector and $145 million in other sectors of the economy.

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