IGI Logo

Expected to improve further in Sep’21

* India’s anti-covid vaccination drive has gathered good momentum in August’21. In-fact, on 27th Aug’21, India managed to cross the threshold of administering over 10m vaccine doses in a single day for the first time. In Aug’21, India has managed to administer, on an average, 5.9m vaccine doses/day as compared to 4.3m doses/day in Jul’21. Overall, now 486m people have received at least one dose of the vaccine. Of this, 143m persons are now fully vaccinated (i.e. they have received both doses of vaccine).

* The spread of the pandemic appears to have been contained as the number of active cases are currently around 366k, except for a few states like Kerala, Maharashtra, and West Bengal, which are contributing 80% of the total active cases in India. Daily new cases have fallen from a peak of 400k cases per day in May’21 to ~40k cases/day in Aug’21. The positivity rate continues to remain below the 5% threshold and currently stands ~2.1%.

* Major states have started reopening up schools, malls, and other recreation facilities, with the focus now shifting to supporting economic growth and normalizing lives, as the number of cases continues to remain under control. Vaccine manufacturers have indicated higher availability from Sep’21 onwards (refer here), which is likely to result in ramping up of the vaccination drive. With the approval of Zydus Cadila’s vaccine (ZyCov-D), it would open up another age segment (12-18 years) for vaccination from Oct’21 onwards.

To Read Complete Report & Disclaimer Click Here

For More Motilal Oswal Securities Ltd Disclaimer http://www.motilaloswal.com/MOSLdisclaimer/disclaimer.html SEBI Registration number is INH000000412

Above views are of the author and not of the website kindly read disclaimer