Do you know how much it costs to vaccinate 59.46 million people with Corona ..?!
As the corona epidemic spreads rapidly in India, the federal government, under the leadership of Prime Minister Narendra Modi, has allowed anyone over the age of 18 to receive the corona vaccine as of May 1.
Given that the vast majority of the Indian population is between the ages of 18 and 44, how much does it cost to give everyone a corona vaccine in a situation where the serum company has increased the price of their medicine …?
The cost of the Cov vaccine
The India Ratings and Research Organization estimates that the federal government would have to spend approximately $ 67.193 billion to provide the government vaccine to all 18-44 year olds in India. These 67,193 billion rupees correspond to 0.36 percent of India’s GDP.
This would cost between Rs 47,500 crore and Rs 71,500 crore based on the price set by Serum CoviShield.
State governments to cover the costs
So far, about 7 state governments in India have announced that they will cover the costs of the vaccine and provide people with a free corona vaccine. The state government thus bears the financial burden of around Rs 46,323 million out of a total of Rs 67,193 million.
Central Government Expenditures
In these circumstances, Serum, India’s leading vaccine manufacturer, is selling the corona vaccine at a price to the central government and at a price to the state government. That would make enough for the central government to spend just Rs 20.870 billion. The vaccine can be given to anyone between the ages of 18 and 44.
Population aged 18 to 44
The federal government currently offers free vaccinations to all people over 45 years of age in state hospitals with a population of Rs 59.46 million between the ages of 18 and 44 years.
Bihar State
Due to the fact that the number of 18-44 year olds varies from state to state, Bihar state has to spend an additional 0.60% of its state GDP and has to spend 800 rupees per person to get double vaccinated.
It is followed by Uttar Pradesh (0.47%),
Jharkhand (0.37%),
Manipur (0.36%),
Assam (0.35%),
Madhya Pradesh (0.30%) and
Odisha (0.30 %).
Vaccination in a private hospital
Similarly, vaccination in a private hospital can have a huge impact on people’s finances, up to Rs 7,200.
Serum Institute of India
The Serum Institute of India, India’s largest cowpea vaccine manufacturer, will purchase a single dose of GoviShield for Rs.
Price of Bharat Biotech Vaccine
Also, it is expected that Bharat Biotech will see the new price of its Covex in the next few days will be announced. Still, importing from abroad is unavoidable as India cannot produce enough vaccines for the Indian people in such a short period of time.
Population over 18 years
The total number of people over 18 years eligible for the vaccine according to the new announcement of the central government is 94 billion million million people per month. Despite a drastic increase in production, it increased from Rs 8 crore to Rs 10 crore.
Foreign vaccine is mandatory
In this dire situation, there is no way to avoid importing corona vaccines from abroad. The central government has already decided to bring the Russian Sputnik-V vaccine to India. As a result, leading companies such as Pfizer, Moderna, Johnson & Johnson are also considering importing corona vaccines to India.
Fischer Company Assistance
In this regard, Pfizer yesterday recognized India’s need and volunteered to provide the vaccine at a charitable price. Pfizer sells its Covid vaccine in the US for $ 19.5 and in the European Union for $ 0.5-15.5.
In this scenario, the US selling price in India is Rs 1,459.91. Today, the Indian rupee is trading at 74.87 against the US dollar.
