Experts noted that the strategies followed by India in its COVID-19 management were very successful, it said. They elaborated on three cornerstones of India's strategy -- containment, relief package, and vaccine administration. They observed that these three measures were critical in saving lives and ensuring economic activity by containing the spread of COVID-19, sustaining livelihoods, and developing immunity against the virus, the statement said.
India thus balanced the social agendas along with economic outcomes in planning its response to the pandemic and showed resilience through its healthcare system, it stated.
Porter Prize is named after US citizen Michael E Porter, an economist, researcher, author, advisor, speaker and teacher.
He has brought economic theory and strategy concepts to bear on many of the most challenging problems facing corporations, economies and societies, including market competition and company strategy, economic development, environment and healthcare.
His research has received numerous awards and he is the most cited scholar today in economics and business, the statement said.