India is set to become a vital Covid vaccine maker perhaps second only to the U.S.
A medic holds Covid-19 vaccine Covaxin vials during the countrywide inoculation drive, in Jaipur, Rajasthan, India, Saturday, Feb. 6, 2021.
Vishal Bhatnagar | NurPhoto | Getty Images
India could become the world’s second largest Covid vaccine maker, and analysts say the country has the capacity to produce for both its own population and other developing countries.
Most of the world’s vaccines have historically come from India. Even before Covid-19, the South Asian country produced up to about 60% of the world’s vaccines — and can do so at a relatively low cost.
“India has been a manufacturing hub for vaccines … even before the pandemic, and should therefore be a strategic partner in the global inoculation against COVID-19,” JPMorgan analysts wrote in a report last month.
Consulting firm Deloitte predicts that India will be second only to the U.S. in terms of coronavirus …continued .
[Source: CNBC News]