Thwarting The Second Wave - Rapid Vaccination Should Be The Primary Tool And Not Lockdown: SBI Research
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SBI Research Report
Current State Bank of India FY22 projection is at 11% real gross domestic product (Reserve Bank of India: 10.5%) and 15% nominal GDP growth (Union Budget: 14.4%) for FY22 on the back of low base effect and renewed economic momentum.
However, given the current circumstances of partial/local/weekend lockdowns in almost all states, our growth forecast is now revised downwards.
Almost 900 million people at least have received one dose of Covid-19 vaccine world-wide.
However, top 15 countries accounted for 84% of total vaccination indicating huge unevenness.
Only 2.6% of population is fully vaccinated in the world, and in India only 1.2% of population is fully vaccinated till now.
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