COVID-19 vaccination of half of Indian population is key to economic revival: NITI Aayog
Individuals aged 18 and above will be eligible for COVID-19 vaccination from May 1.
April 30, 2021 / 08:46 AM IST
An old woman waits for her turn to receive COVID-19 vaccine in Mumbai, (Image: AP)
COVID-19 vaccination of at least half the population in India is key for revival of the economy, NITI Aayog Vice Chairman Rajiv Kumar said.
"We have the capability of vaccinating them in the next few months," Kumar was quoted as saying by The Times of India.
If the economy grows at 10-11 percent per year for the next few decades, the per capita income can be $16,000 by 2050, Kumar said at a webinar organised by industry body MCCI.
He listed five conditions for India to achieve this growth rate:
> India should increase its rate of investment from below 30 percent of Gross Domestic Product (GDP) to 35-40 percent of GDP.
> India must raise the share of exports in GDP
> Share of manufacturing in GDP must increase
> Modernisation of agriculture
> The government will continue to remove regulatory hurdles for ease of doing business, and the private sector must demonstrate self-regulation to evolve as a responsible growth partner.
In India, healthcare workers, frontline workers and individuals aged 45 and above are currently eligible for vaccination. Everyone aged 18 and above will be eligible for vaccination from May 1.
As of 7 am on April 29, 2.58 crore beneficiaries have taken their second shots of COVID-19 vaccines since the drive began, according to Union health ministry data.