As vaccinations were opened up to more people in the country, domestic vaccinations rose exponentially from the middle of March. This is when there was a sharp downturn in India’s vaccine dispatches and exports to the world. One of the reasons for the inability to keep up global supplies with domestic needs was constrained vaccine production capacity. With only two manufacturers and global and domestic demand increasing simultaneously, India seemed to have been caught in a spot. With Russia’s Sputnik-V vaccine approved, this situation could ameliorate in the coming days.
India’s role in ramping up global supplies can be better understood by the following chart. In the weeks preceding reports of vaccine shortages in India, the country accounted for almost a third of weekly vaccinations across the world. For instance between February 20 and March 6, India dispatched almost 20 million doses across the world. During this period 50 million doses were administered globally. While this doesn’t necessarily mean that all these doses were Indian made, it shows the sheer scale of vaccine transportation from India.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
-
Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
-
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in