The COVID-19 vaccine strategy adopted by India during the deadly pandemic has saved more than 3.4 million lives and has had a positive impact on the country’s economy, Health Minister Mansuf Mandaviya said on Friday.
In a virtual address at the ‘India Dialogue’ session on the economic impact of vaccination and related matters, he said the country has adopted ‘whole of government’ and ‘whole of society’ for effective control of COVID-19. Adopt a holistic response strategy, approaching it in a proactive, preemptive, phased manner. ”
He also published a working paper by Stanford University and the Institute for Competitiveness titled Economic Recovery: Estimating the Economic Impact of Vaccination and Related Problems in India.
The paper highlighted that India was able to save more than 3.4 million lives by implementing a nationwide COVID vaccination campaign on an unprecedented scale. The campaign also had a positive impact on the economy by preventing her $18.3 billion loss to the Indian economy. After factoring in the cost of the vaccination campaign, the country generated a net profit of her $15.42 billion.
This paper described the role of containment as a means to prevent the spread of viruses. After an initial stringent lockdown was announced, he was further followed by three lockdown phases in succession. The containment strategy followed this in the unlocking phase and was gradually decentralized, giving certain regions more control over its implementation.
Stanford’s report highlights ground-level efforts, including contact tracing, mass testing, home quarantine, distribution of essential medical equipment, renovation of medical infrastructure, and constant coordination among stakeholders at the center, state, and district levels. It points to robust measures. It helped contain the spread of the virus, but it also helped boost medical infrastructure.
That the three measures of containment, relief packages and vaccination were critical to contain the spread of COVID, sustain lives and develop immunity to the virus, thereby saving lives and ensuring economic activity. is explained in detail.
Mandaviya credits its success to citizens who have worked with governments and other stakeholders in the fight against COVID.
Mandaviya praised the relief package for citizens, saying it “not only helped mitigate the negative impact of COVID-19, but also spurred economic activity.”
Government relief packages have ensured that vulnerable groups, the elderly, farmers, micro, small and medium enterprises (MSMEs) and women entrepreneurs meet their welfare needs and support their livelihoods.
The paper also looked at food security programs during the pandemic, such as Pradhan Mantri Ghalib Kalyan An Yojana (PMGKAY). The program ensured the distribution of free grain to his 800 million people, resulting in an economic impact of approximately $26.24 billion.
In addition, Prime Minister Garib Kalyan Rozgar Abhiyan supported providing immediate employment and livelihood opportunities to migrant workers. Through this scheme, employment was provided to 4 million beneficiaries and, overall, he generated an economic impact of $4.81 billion.
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