Page 52 - economic_survey_2021-2022

26 Economic Survey 2021-22

Figure 1A: Days to Reach Next 10 Crore Figure 1B: Total Doses Administered
Doses in India across Countries

10 86 157
20
30
40
50
60
70
Crore 80 Crore
90
100 53
110 34
120 30
130 16 16 15 14 14
140 3
150 15
0 20 40 60 80 100 India US Brazil Mexico Russia Turkey UK South Africa
No of Days Indonesia Germany

Source: Survey Calculations using data from MoHFW and WHO
Note: Figure 1B data as of 16th January 2022.
Figure 1C: Cumulative Percent of Adult Population with COVID-19 Vaccine (in per cent)

100 Percentage of adult population with First dose 69.8
93.0
COVID-19 vaccine coverage (in per cent) 70
90
Percentage of adult population with Second dose
80

60
50
40
30
20
10
0
Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22

Source: Survey Calculations using data from MoHFW
Note: Data as of 16th January 2022.

MACROECONOMIC STABILITY

1.30 At the time of writing, a new wave in the form of the Omicron variant was sweeping across
the world, inflation had jumped up in most countries, and the cycle of liquidity withdrawal was
being initiated by major central banks. This is why it is especially important to look at India’s
macro-economic stability indicators and their ability to provide a buffer against the above
stresses. Table 6 provides a quick comparison of various macroeconomic stability indicators
in 2008-09 (Global Financial Crisis), 2012-13 (pre Taper Tantrum) and 2021-22 (second year
of Covid-19 pandemic). This section analyses macroeconomic stability indicators on all fronts-
external sector, fiscal indicators, financial sector and inflation.