Much of India’s population expected to be vaccinated by 2022-23, says ADB

The Indian government has assured COVID-19 vaccines will be provided for all by December 2021.

The Asian Development Bank (ADB) has downgraded its India growth forecast for this year to 10% on Tuesday, from 11% projected in April, citing the second wave restrictions across States and expects most of India’s population to be vaccinated by 2022-23. The Indian government has assured COVID-19 vaccines will be provided for all by December 2021, but ADB’s comments suggest global observers are not convinced of the target being achieved. A faster than expected spurt in fuel and food prices in India also nudged the Bank to elevate its average inflation projection for 2021-22 to 5.5% compared to 5.2% anticipated earlier. The Reserve Bank of India (RBI) has projected retail inflation at 5.1% for this period.