Key Points
India's multi-pronged strategy to combat the Covid-19 pandemic including a nationwide lockdown, rollout of the economic package and a massive vaccination drive was effective in achieving the dual motive of saving lives and livelihoods, said a working paper, prepared jointly by the Institute for Competitiveness and the Stanford University...
According to the paper, titled Healing the Economy: Estimating the Economic Impact of India's Vaccination and Related Measures, the cumulative lifetime earnings of the lives saved through vaccination (in the working age group) totalled up to $21.5 billion while two million deaths were avoided due to the lockdown...
According to the paper, 2 million deaths were avoided due to the imposition of lockdown while 0.1 million lives were saved and it delayed the peak time for the pandemic to 175 days from its first 100 cases compared to the first peak in less than 50 days in Russia, Canada, Italy, Germany, etc..
"With a comprehensive package that encompassed people belonging to old age, women, farmers and the working class, the Pradhan Mantri Garib Kalyan Yojana ensured that the impact on the livelihoods of these people was moderated to an extent, whereas, on the other side, by distributing free food grains to poor people the government ensured that no one slept hungry," it said, adding that the economic impact of the scheme is $26.24 billion...
You might be interested in
India's Covid lockdown effective, vax drive saved 34L lives: Report
25, Feb, 23A Stanford University Working Paper released on Friday has termed India’s 2020 lockdown an effective strategy to save lives and balance the economy, noting that the lockdown delayed India’s first peak by 175 days from the initial 100 cases at a time when Canada, Italy, Germany and France
India saved over 3.4 million lives by undertaking nationwide Covid-19 vaccination campaign: Report
24, Feb, 23India was able to save more than 3.4 million lives by undertaking a nationwide Covid-19 vaccination campaign at an unprecedented scale, a report by Stanford University said.