India is said to estimate two injections per person at $ 2 an injection.
Highlight
- The money provided so far is for the current financial year ending March 31.
- India is said to estimate two injections per person at $ 2 per injection.
- Another $ 2 to $ 3 per person is said to be set aside as infrastructure costs
The government has set aside around 500 billion rupees ($ 7 billion) to vaccinate the world’s most populous nation after China against the coronavirus, according to people with knowledge of the matter.
The administration of Prime Minister Narendra Modi estimates a total cost of around $ 6 to $ 7 per person in the nation of 1.3 billion, said the people, who asked not to be identified because the details are private. The money provided so far is for the current financial year ending March 31 and there will be no shortage of additional funds for this purpose, they added.
Vaccine math:
- India is said to estimate two injections per person at $ 2 per injection.
- Another $ 2 to $ 3 per individual is said to be set aside as infrastructure costs such as storage and transportation.
- Details based on recommendations from a task force, the people said.
A spokesman for the Finance Ministry could not be immediately reached when it was tested on his mobile phone.
While a government-backed panel predicts that India has passed the peak of infections and may contain the spread by February, the nation has taken a massive hit to economic growth and Prime Minister Modi has been reopening the economy. Starting this weekend, the country will hold several festivals that could lead to a sharp increase in daily viral infections.
Both Maharashtra and Kerala record more than 8,000 # COVID-19 cases in one day.
For each #coronavirus update: https://t.co/P89C4Td7ZRpic.twitter.com/hYa6ayPMBi
– BloombergQuint (@BloombergQuint) October 22, 2020
Prime Minister Modi said on Tuesday that his government will make sure that all Indians have access to a Covid-19 vaccine as soon as it is ready.
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