MUMBAI — India released $6.7 billion in cheap financing for vaccine makers, hospitals, and other health firms on Wednesday, to counter the devastating coronavirus surge gripping the country.
Reserve Bank of India governor Shaktikanta Das also vowed to deploy “unconventional” measures if the crisis worsens.
He spoke as India announced a record 3,780 deaths in 24 hours as well as 382,000 new cases.
This week it became the second country after the United States to pass 20 million cases and hospitals across the country of 1.3 billion people have complained of chronic shortages of beds, oxygen, vaccines, and key drugs.
“The devastating speed with which the virus affects diff…
Keep on reading: India releases $6.7 billion to help vaccine, health firms boost pandemic battle