India's Covid vaccination drive hangs in balance, and so does the world's

 When the pandemic ends, it will be with the tremendous assistance of India's pharmaceutical industry.

On April 11, India recorded almost 170,000 Covid-19 cases, a record for the country since the start of the pandemic. The day before, India crossed a different kind of milestone: Vaccinating 100 million people. It is this seesaw of despair and hopes that India rides today, battling the outbreak with a healthcare system operating on the brink even as its pharmaceutical industry tries to fill the world’s prescription for vaccine doses.

India reached the 100 million vaccination mark in 85 days, faster than the U.S. and China, which took 89 and 102 days respectively. But the task ahead is formidable: the government of Prime Minister Narendra Modi has set a target of fully vaccinating 300 million individuals by July.

The arithmetic alone is daunting. India started with a stock of 100 million vaccine doses at the beginning of the year. Its two manufacturers--Serum Institute of India and Bharat Biotech— are equipped to produce 66 million doses per month through June, adding 396 million to the total. But they also have obligations to supply Unicef’s COVAX program and export agreements elsewhere to the tune of 80 million doses. That leaves 416 million doses for local use: 184 million doses short of the 600 million needed to reach the July goal.

Already, Pune-based Serum Institute--which makes the AstraZeneca shot, called Covishield in India--and Hyderabad-based Bharat Biotech--which makes the locally developed Covaxin--are at capacity. New vaccines from new manufacturers need to hit the market.

The shortage comes at a crucial time in the global fight against Covid-19 — and in India’s until now impressive vaccine diplomacy. The shipments have gone from Asia to the Caribbean, from Africa to Latin America in boxes tagged with the Sanskrit phrase Sarve bhavantu sukhinah, “may all be happy.” Bhutan has administered at least one dose to more than 60% of its population thanks to vaccines produced in India. New Delhi also supplied serum to Paraguay, which had been under pressure from Beijing to break its ties with Taiwan in order to secure China-made vaccines.