COVID-19 vaccination | Poonawalla warns against return to business-as-usual approach
The Hindu
Mr. Poonawalla defended his call for lowering the vaccination gap to six months to ensure that people are not subjected to the pains they underwent in the first two waves of the pandemic
Serum Institute of India CEO Adar Poonawalla on Friday warned against the return to the business-as-usual approach, saying we "can't afford to put a price tag on the life of a citizen" as the pandemic is not behind us yet.
The chief executive defended his call for lowering the vaccination gap to six months from the present nine months to ensure that people are not subjected to the pains they underwent in the first two waves of the pandemic, and not for making money, as he has made already enough.
"I have also offered vaccines for free to avoid waste, which I wouldn't have done if my objective is money," he said.
"My point is that we can't put a price tag on the life of a person be it an adult or a child. So, taking decisions on time as we did during the second wave is the need of the hour when it comes to booster doses and jabbing the kids.
"But, unfortunately for the key people who are supposed to be taking decisions on time, the committees supposed to be meeting on time, it seems there is no urgency any longer," Mr. Poonawalla said while addressing the Indian economic conclave organised by Times Network in Mumbai.
"The momentum of the past that brought us so far here is lost. As you said it seems for them, it's business as usual," he added.
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The Union Budget unveiled on February 1, 2025, has come at a time of unprecedented global uncertainty and a flagging domestic economy. The real GDP growth is estimated at 6.4% for 2024-25 and between 6.3-6.8% for 2025-26, a far cry from >8 percent growth required annually to make India a developed nation by 2047. While much attention has been devoted to the demand stimulus through income tax cuts, not enough is said about the proposed reforms in urban development, tariff rationalisation, and regulatory simplification aimed at making Indian cities and corporates more competitive. Since the majority of economic activity is located in cities (urban areas account for ~55% of GDP) and produced by large corporates (~40% of the national output and 55% of India’s exports), the above-mentioned reforms have a pivotal role in improving India’s trend growth rate. Below we unpack each reform.