India To Play Key Role In Global Economic Recovery, Stands Out In Terms Of Vaccine Policy: Gita Gopinath

<p><strong>New Delhi:</strong> As India continues to overcome from the onslaught of Coronavirus pandemic, International Monetary Fund (IMF) chief economic Gita Gopinath praised country's Covid-19 vaccine policy. While speaking at an event, Gopinath said that India has been at the forefront in fighting Covid-19 pandemic and "really stands out" when it comes to its vaccine policy. Gita's comment were over India's effort of manufacturing Coronavirus vaccines and shipping it to several nations.&nbsp;</p> <p>"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 &ndash; that will be India," Gopinath said during an interactive session during the Inaugural Dr. Hansa Mehta Lecture organised on occasion of International Women&rsquo;s Day.</p> <p><strong>ALSO READ | <span style="color: #e03e2d;"><a style="color: #e03e2d;" href="https://ift.tt/30qwxF3 Budget 2021-22: Free Covid-19 Vaccine At Govt Hospitals, Sainik School, Sports Infrastructure In Focus</a></span>&nbsp;</strong></p> <p>The economist also lauded pharma company Serum Institute of India, that has developed India's first indigenous Covid-19 vaccine Covishield, saying that the firm produces 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.</p> <p>"India has been at the forefront in fighting this pandemic,&rdquo; she said, adding 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.</p> <p><strong>ALSO READ | <span style="color: #e03e2d;"><a style="color: #e03e2d;" href="https://ift.tt/3v4ese7 Crude Oil Price Surges Above $70 A Barrel After Missile Attacks Aimed At Saudi Oil Site</a></span></strong></p> <p>Further extending confidence that India is on the way of playing a pivotal role in contributing to global economic recovery, Gopinath said that India makes up about 7 per cent of world GDP based on purchasing power parity terms.</p> <p>"So when you&rsquo;re that large, what happens in India has implications for many other countries in the world, especially countries in the region," she said.</p>

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