News & Insights

Finance Minister: Quick Response Led to V-Recovery.

Published: April 2, 2021
Author: Manali bhanushali

India’s quick response in limiting the impact of the COVID-19 pandemic and undertaking massive vaccination drives are resulting in a “V-shaped recovery”, said Union Finance Minister Nirmala Sitharaman on Tuesday.

Speaking at the sixth annual meeting of the Board of Governors of New Development Bank(NDB) through video-conference, Sitharaman highlighted that India’s COVID-19 vaccination drive, the largest in the world, is underway and to date, 63.9 million doses of made-in-India COVID vaccine have been supplied to 80 countries including 10.4 million doses of the vaccine as grants.

“The Finance Minister underscored India’s quick response to limit the impact of the pandemic and to undertake massive vaccination drives which are resulting in a ‘V shape recovery’,” a statement from the Finance Ministry said. She also acknowledged the NDB’s achievements and progress over the last six years and highlighted the bank’s role in countercyclical lending through USD 10 billion Emergency Assistance Programme for supporting the member countries in fighting the COVID pandemic.

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