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24 Economic Survey 2021-22

w. Foreign Trade x. Baltic Dry Index

5000
Exports Imports
55 4000 2nd Wave

45 1st Lockdown 3000 1st Lockdown
US$ Billion 35 2000

25
2nd Wave 1000
15

5 0
Jan/19 Jun/19 Nov/19 Apr/20 Sep/20 Feb/21 Jul/21 Dec/21 Jan/19 Jun/19 Nov/19 Apr/20 Sep/20 Feb/21 Jul/21 Dec/21

Source: Ministry of Commerce Source: The Great Eastern Shipping Co. Ltd.

y. Net Sale/Purchase of Dollar z. Foreign Exchange
and Exchange Rate Reserves
Net purchase (+)/sale (-) of US dollar (RHS) 650
Exchange Rate 20
77 2nd Wave 600
75 15 550 1st Lockdown 2nd Wave

73 1st Lockdown 10 US$ Billion 500
₹ /US$ 71 5 US$ Billion

69 0 450

67 -5 400
65 -10 350
Jan/19 Jun/19 Nov/19 Apr/20 Sep/20 Feb/21 Jul/21 Dec/21 Jan/19 Jun/19 Nov/19 Apr/20 Sep/20 Feb/21 Jul/21 Dec/21

Source: RBI Source: RBI
VACCINATION

1.28 Vaccination has played a critical role (Box 1) in minimizing loss of lives, boosting
confidence in the economy towards resumption of activity and containing the sequential decline
in output due to second wave. As India completed one year of its COVID-19 vaccination drive
on 16 January, 2022, it crossed the historic milestone of administrating more than 156 crore
th
doses of vaccine (Figure 26). More than 88 crore people (93 per cent of the adult population)
have received at least one dose of which around 66 crore people (70 per cent of the adult
population) stands fully vaccinated. With vaccination drive further extended to the age group
of 15-18 years starting 3 January, 2022, more than 50 per cent of India’s population in this age
rd
group have received their first dose of the vaccine as on 19 January. These measures have been
th
discussed in detail in chapter 10.