India was able to save more than 3.4 million lives by undertaking a nationwide Covid-19 vaccination campaign at an unprecedented scale, according to a Stanford University report.
The campaign also yielded a positive economic impact by preventing a loss of $18.3 billion, the working paper by Stanford University and Institute for Competitiveness titled ‘Healing the Economy: Estimating the Economic Impact on India’s Vaccination and Related Issues’ released by Union health minister Mansukh Mandaviya on Friday suggested.
According to the Stanford report, the direct and total impact of vaccination varied from about $ 1.03 billion to $ 2.58 billion if minimum wages are considered within the age distribution category.
“The same, however, varied from about $3.49 billion to $ 8.7 billion if GDP per person employed (constant) is considered. The cumulative lifetime earnings of the lives saved through vaccination (in the working age group) rolled up to $ 21.5 billion. Moreover, since vaccination also saved the lives of the elderly, this indirectly helped prevent the health infrastructure from getting overwhelmed and thereby allowing for a more judicious use of the existing health infrastructure,” the report suggested.
Mandaviya said much before Covid-19 was declared a public health emergency by the World Health Organisation (WHO) in January 2020, processes and structures to focus dedicatedly on various facets of the pandemic management were put in place.
He virtually addressed the ‘The India Dialog’ session on the Economic Impact of Vaccination and Related Matters.
“India under the leadership of honourable Prime Minister Narendra Modi ji adopted a ‘Whole of Government’ and ‘Whole of Society’ approach in a proactive, pre-emptive and graded manner, thus adopting a holistic response strategy for effective management of Covid-19,” the minister said.
The dialogue was organised by Institute for Competitiveness and US-Asia Technology Management Center, Stanford University.
The Stanford working paper refers to a Lancet modelling study which estimated that in India around 3.4 million deaths were prevented by vaccination in the year 2021, an estimate based on officially reported deaths in India.
The paper also highlighted the impact of the lockdown and referred to the health ministry’s statistical analysis that the Covid-19 tally could have reached about two lakh (0.2 million) without lockdown by April 11, 2020.
Due to lockdown measures, the actual cases only went up to about 7,500 by April 11, 2020, making a case for the lockdown stronger.
The campaign also yielded a positive economic impact by preventing a loss of $18.3 billion, the working paper by Stanford University and Institute for Competitiveness titled ‘Healing the Economy: Estimating the Economic Impact on India’s Vaccination and Related Issues’ released by Union health minister Mansukh Mandaviya on Friday suggested.
According to the Stanford report, the direct and total impact of vaccination varied from about $ 1.03 billion to $ 2.58 billion if minimum wages are considered within the age distribution category.
“The same, however, varied from about $3.49 billion to $ 8.7 billion if GDP per person employed (constant) is considered. The cumulative lifetime earnings of the lives saved through vaccination (in the working age group) rolled up to $ 21.5 billion. Moreover, since vaccination also saved the lives of the elderly, this indirectly helped prevent the health infrastructure from getting overwhelmed and thereby allowing for a more judicious use of the existing health infrastructure,” the report suggested.
Mandaviya said much before Covid-19 was declared a public health emergency by the World Health Organisation (WHO) in January 2020, processes and structures to focus dedicatedly on various facets of the pandemic management were put in place.
He virtually addressed the ‘The India Dialog’ session on the Economic Impact of Vaccination and Related Matters.
“India under the leadership of honourable Prime Minister Narendra Modi ji adopted a ‘Whole of Government’ and ‘Whole of Society’ approach in a proactive, pre-emptive and graded manner, thus adopting a holistic response strategy for effective management of Covid-19,” the minister said.
The dialogue was organised by Institute for Competitiveness and US-Asia Technology Management Center, Stanford University.
The Stanford working paper refers to a Lancet modelling study which estimated that in India around 3.4 million deaths were prevented by vaccination in the year 2021, an estimate based on officially reported deaths in India.
The paper also highlighted the impact of the lockdown and referred to the health ministry’s statistical analysis that the Covid-19 tally could have reached about two lakh (0.2 million) without lockdown by April 11, 2020.
Due to lockdown measures, the actual cases only went up to about 7,500 by April 11, 2020, making a case for the lockdown stronger.
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The post is published through a syndicated feed and attributed to Times Of India
