Last Updated : Nov 09, 2020 05:00 PM IST | Source: Moneycontrol.com

India has handled COVID-19 well considering its population: SBI group chief economic advisor

Soumya Kanti Ghosh pegged estimated cases higher than actual cases, in a new State Bank of India report. Uttar Pradesh, Bihar and Gujarat were among the best-performing states.

Representative image
Representative image

India has done a relatively good job in controlling the spread of COVID-19 pandemic despite its population, Soumya Kanti Ghosh, group chief economic adviser of the State Bank of India, said on November 9.

In a report, Ghosh stated that for India the estimated number of cases is 84.49 lakh which is 2.65 lakh higher than the actual confirmed cases of 81.8 lakh, indicating India has done a good job in controlling the spread of the virus.

Explaining his methodology, Ghosh said he tested a two stage least square (2SLS) panel model with 20 major states, considering the monthly data from April to October 2020 by using a bottom up approach.

"In this 2SLS regression, we first regressed the state-wise test data on population to gauge the number of tests that should have been ideally done given the population difference across Indian states. In Stage 2, the number of confirmed cases was then regressed on estimated test numbers calculated in equation 1 to arrive at a model estimate of the number of cases if the tests were done in accordance with the population size," the report said. 

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

related news

States like Maharashtra, Karnataka, Kerala, Delhi and Tamil Nadu had fared worse than estimated, the report found. However, populous states like Uttar Pradesh, Bihar, Gujarat and Jharkhand remained relatively unaffected by the pandemic despite testing.

The SBI report also noted that India reached its COVID-19 peak on September 16. The daily new cases have declined since then and are now moving around 50,000, while the daily recoveries are higher than new cases, helping India 
First Published on Nov 9, 2020 05:00 pm