In terms of vaccine policy india really stands out: gita gopinath

In terms of vaccine policy india really stands out: gita gopinath

Play all audios:

Loading...

India oi-Vicky Nanjappa Published: Tuesday, March 9, 2021, 8:28 [IST] NEW DELHI, MAR 09: India has been at the forefront in fighting the coronavirus pandemic and "really stands out" in terms of its vaccine policy, Chief Economist of the IMF Gita Gopinath said on Monday, as she hailed the country for playing a very important role during the crisis by manufacturing and shipping the COVID-19 vaccines to several nations. Gopinath made the comments in an interactive session during the Inaugural Dr. Hansa Mehta Lecture organised on occasion of International Women's Day. "I also want to mention that India really stands out in terms of its vaccine policy. If you look at where exactly is one manufacturing hub for vaccines in the world - that will be India," Gopinath said. Gopinath lauded the Serum Institute of India, saying it produces the most number of vaccines in the world in a regular year and has been manufacturing the COVID-19 vaccine doses that are delivered to COVAX and then distributed to countries around the world. "India has been at the forefront in fighting this pandemic," she said, noting that India has been providing vaccines through grants to several of its neighbour countries, including Bangladesh, Nepal and Myanmar, and through commercial arrangements as well. The country has been playing a very important role in helping the world in the global health crisis through its vaccination policies, she said. Gopinath was responding to a question on India, which is a vaccine hub of the world, and the role the country can play in contributing to global economic recovery. Gopinath pointed out that India makes up about 7 per cent of world GDP based on purchasing power parity terms. "So when you're that large, what happens in India has implications for many other countries in the world, especially countries in the region," she said. Noting that India was "hit very hard" by this pandemic, Gopinath said the country, which typically grows at over 6 per cent, recorded a growth of negative 8 per cent in 2020. "So it was very hard hit but you do see the recovery coming back as the country has reopened, activities returning," she said. The International Monetary Fund (IMF) has projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic. "Now because of its size, when you have India growing, it increases demand for goods from other parts of the world and that''s a big positive," she said. Gopinath gave the keynote address at the Inaugural Dr Hansa Mehta Lecture. The lecture, named in the memory of the pioneering Indian reformer and educator, was organised virtually by India's Permanent Mission to the UN and The United Nations Academic Impact. * Haryana Youth Pinned Down At Newark Airport In Viral Video Had Entered US Illegally, To Be Deported * NEET UG 2025 Results Date: National Testing Agency Expected To Publish Under Graduate Results On This Date * Criminal Justice Season 4: When Will Remaining Episodes Be Released Online? Find Out Dates Inside * Vairamuthu Is A Great Poet, But Not A Good Human Being: Gangai Amaran Stands By Chinmayi * Is Sonam Raghuvanshi, Accused Of Plotting Husband's Murder, Pregnant With First Child? * Sonam Disliked Getting Physical With Husband, Told Lover Raj Kushwaha Before Murder * Chennai-Bengaluru-Mysuru High Speed Train: What Is The Latest Update About Ambitious Project? * Bengaluru PG Sector In Crisis As Closures Rise Amid Regulations, Falling Demand * Meghalaya Honeymoon Case: Know How Sonam Killed Raja, Escape Plan And Hide Out Details * From Seattle To Washington, Protests Over Immigration Raids Pop Up Across The US With More Planned * Thug Life OTT Release Date: Is Kamal Haasan's Tamil Film Dropping Early On Netflix? * Maharashtra Train Tragedy: One Bag, One Sharp Turn Killed Four At Mumbra Station, Eyewitness Reveals

India oi-Vicky Nanjappa Published: Tuesday, March 9, 2021, 8:28 [IST] NEW DELHI, MAR 09: India has been at the forefront in fighting the coronavirus pandemic and "really stands


out" in terms of its vaccine policy, Chief Economist of the IMF Gita Gopinath said on Monday, as she hailed the country for playing a very important role during the crisis by


manufacturing and shipping the COVID-19 vaccines to several nations. Gopinath made the comments in an interactive session during the Inaugural Dr. Hansa Mehta Lecture organised on occasion


of International Women's Day. "I also want to mention that India really stands out in terms of its vaccine policy. If you look at where exactly is one manufacturing hub for


vaccines in the world - that will be India," Gopinath said. Gopinath lauded the Serum Institute of India, saying it produces the most number of vaccines in the world in a regular year


and has been manufacturing the COVID-19 vaccine doses that are delivered to COVAX and then distributed to countries around the world. "India has been at the forefront in fighting this


pandemic," she said, noting that India has been providing vaccines through grants to several of its neighbour countries, including Bangladesh, Nepal and Myanmar, and through commercial


arrangements as well. The country has been playing a very important role in helping the world in the global health crisis through its vaccination policies, she said. Gopinath was responding


to a question on India, which is a vaccine hub of the world, and the role the country can play in contributing to global economic recovery. Gopinath pointed out that India makes up about 7


per cent of world GDP based on purchasing power parity terms. "So when you're that large, what happens in India has implications for many other countries in the world, especially


countries in the region," she said. Noting that India was "hit very hard" by this pandemic, Gopinath said the country, which typically grows at over 6 per cent, recorded a


growth of negative 8 per cent in 2020. "So it was very hard hit but you do see the recovery coming back as the country has reopened, activities returning," she said. The


International Monetary Fund (IMF) has projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit


growth this year amidst the coronavirus pandemic. "Now because of its size, when you have India growing, it increases demand for goods from other parts of the world and


that''s a big positive," she said. Gopinath gave the keynote address at the Inaugural Dr Hansa Mehta Lecture. The lecture, named in the memory of the pioneering Indian


reformer and educator, was organised virtually by India's Permanent Mission to the UN and The United Nations Academic Impact. * Haryana Youth Pinned Down At Newark Airport In Viral


Video Had Entered US Illegally, To Be Deported * NEET UG 2025 Results Date: National Testing Agency Expected To Publish Under Graduate Results On This Date * Criminal Justice Season 4: When


Will Remaining Episodes Be Released Online? Find Out Dates Inside * Vairamuthu Is A Great Poet, But Not A Good Human Being: Gangai Amaran Stands By Chinmayi * Is Sonam Raghuvanshi, Accused


Of Plotting Husband's Murder, Pregnant With First Child? * Sonam Disliked Getting Physical With Husband, Told Lover Raj Kushwaha Before Murder * Chennai-Bengaluru-Mysuru High Speed


Train: What Is The Latest Update About Ambitious Project? * Bengaluru PG Sector In Crisis As Closures Rise Amid Regulations, Falling Demand * Meghalaya Honeymoon Case: Know How Sonam Killed


Raja, Escape Plan And Hide Out Details * From Seattle To Washington, Protests Over Immigration Raids Pop Up Across The US With More Planned * Thug Life OTT Release Date: Is Kamal


Haasan's Tamil Film Dropping Early On Netflix? * Maharashtra Train Tragedy: One Bag, One Sharp Turn Killed Four At Mumbra Station, Eyewitness Reveals