Reuters exclusively reports India may raise vaccine spending to $6 bln this fiscal year

After Indian Prime Minister Narendra Modi said in an address to the nation that the federal government would bear the cost of vaccinating all adults, Reuters reported exclusively that the plan would increase government spending by over a quarter in the April-March fiscal year. Two sources told Reuters the government would spend up to 450 billion rupees ($6.18 billion) on COVID-19 vaccines this fiscal year, which started on April 1. The previously budgeted amount was 350 billion rupees.