India had the ability to save more than 3.4 million lives by undertaking an across the country Covid-19 vaccination project at an extraordinary scale, according to a Stanford University report.The campaign likewise yielded a favorable financial effect by preventing a loss of $18.3 billion, the working paper by Stanford University and Institute for Competitiveness titled Healing the Economy: Estimating the Economic Impact on Indias Vaccination and Related Issues released by Union health minister Mansukh Mandaviya on Friday suggested.According to the Stanford report, the direct and total impact of vaccination differed from about $ 1.03 billion to $ 2.58 billion if minimum wages are considered within the age distribution category.

The exact same, however, varied from about $3.49 billion to $ 8.7 billion if GDP per individual employed (consistent) is thought about.

The cumulative lifetime earnings of the lives conserved through vaccination (in the working age) rolled up to $ 21.5 billion.

Because vaccination likewise saved the lives of the senior, this indirectly helped avoid the health facilities from getting overwhelmed and thus enabling for a more sensible use of the existing health infrastructure, the report suggested.Mandaviya stated much prior to Covid-19 was declared a public health emergency by the World Health Organisation (WHO) in January 2020, processes and structures to focus dedicatedly on numerous aspects of the pandemic management were put in place.He virtually addressed the The India Dialog session on the Economic Impact of Vaccination and Related Matters.

India under the leadership of honourable Prime Minister Narendra Modi ji adopted a Whole of Government and Whole of Society technique in a proactive, pre-emptive and graded way, thus embracing a holistic response method for effective management of Covid-19, the minister said.The dialogue was organised by Institute for Competitiveness and US-Asia Technology Management Center, Stanford University.The Stanford working paper describes a Lancet modelling study which estimated that in India around 3.4 million deaths were prevented by vaccination in the year 2021, an estimate based on formally reported deaths in India.The paper also highlighted the effect of the lockdown and referred to the health ministrys analytical analysis that the Covid-19 tally might have reached about two lakh (0.2 million) without lockdown by April 11, 2020.

Due to lockdown procedures, the real cases only went up to about 7,500 by April 11, 2020, making a case for the lockdown more powerful.