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International Monetary Fund (IMF) chief economist Gita Gopinath has said India "really stands out" in terms of its Covid-19 vaccine policy even as she hailed the country for playing an important role during the pandemic by manufacturing and shipping the shots to several nations.
Gita Gopinath sitting on a table
Speaking in an interactive session during the inaugural Dr Hansa Mehta Lecture, organised on occasion of International Women's Day, Gopinath said, "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 - that will be India."
India has provided 56 lakh doses of coronavirus vaccines to a number of countries, including Sri Lanka, Bhutan, Maldives, Bangladesh, Nepal, Myanmar and Seychelles.
Gopinath also lauded Pune-based Serum Institute of India, saying it was the largest producer of vaccines in the world and has been manufacturing Covid-19 shots for the COVAX facility, PTI reported.
The COVAX programme, led by the vaccine alliance GAVI and World Health Organisation (WHO), is aimed at ensuring equitable distribution of Covid-19 vaccines globally, especially middle and lower-income nations.
"India has been at the forefront in fighting this pandemic. The country has been playing a very important role in helping the world in the global health crisis through its vaccination policies," she said.
Also watch: ‘Covid vaccination done for free at govt hospitals in India’: PM Modi (Video by Hindustan Times)
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‘Covid vaccination done for free at govt hospitals in India’: PM Modi
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Gita Gopinath on India's economic growth
Noting that India was "hit very hard" by the pandemic, Gopinath said the economy of the country was recovering with the reopening of activities.
"The country, which typically grows at over 6 per cent, recorded a growth of negative 8 per cent in 2020. So, it was very hard hit but you do see the recovery coming back," PTI quoted Gopinath as saying.
The IMF has projected 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.
"Now because of its size, when you have India growing, it increases demand for goods from other parts of the world and that''s a big positive," she said.
Pointing out that India made up about 7 per cent of world GDP based on purchasing power parity terms, she said, "When you're that large, what happens in India has implications for many other countries in the world, especially countries in the region."
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