Chennai: India Ratings and Research (Ind-Ra) has said vaccinating all citizens above the age of 18 years against Covid-19 will cost Rs 67,193 crore, of which states together will incur Rs 46,323 crore.
As the second wave of Covid-19 sweeps the country with alarming speed and severity, the government has announced a liberalised and accelerated Phase 3 strategy of Covid-19 vaccination. Under this scheme, all persons above 18 years of age will be eligible to get Covid-19 vaccine doses from 1 May.
In a statement, it said, ‘this means that the total size of the population that will now be eligible for vaccination would be 84.19 crore out of the total population of 133.26 crore.’
India Ratings calculated that this ‘may cost Rs 67,193 crore, of which the Union government will incur Rs 20,870 crore and state governments together will incur Rs 46,323 crore’.
Ind-Ra said the Union government has already spent Rs 5,090 crore on procuring 21.4 crore vaccines from Serum Institute of India and Bharat Biotech.