What was the effect of pilots strike in Indian airlines and jet airwayson Indian economy?
10 years back there were just 2 airlines. Both state owned . In the last 10years the economy has opened up. India has experienced growth rate of 8% per year. The main factors which effect the Indian Economy are:- 1. Increased no. of domestic airlines 2. Low cost airlines 3. India's improving economy the other factors are:- 1. Increased in no. of business travellers to different countries 2.Incresed no. of incoming tourist and business enterprises
Delta has its main hub in Atlanta GA. Being the busiest airport in the world, it makes a large contribution to Georgia's economy and employs thousands of people. With all the support industries this helps make an even larger contribution to the economy of Georgia and employs even more people in these support industries.
In this era of globalization, no country can escape from the repercussions of world economy. Thus when there is any political upheavelment in USA which affects their own economy, India is similarly affected. Her export to USA (who is the largest trading partner of India) gets a severe jolt,thereby have adverse effect on balance of payment position. On the contrary, her import from USA is in the same way hampered.