As per the recent reports, the Indian government has set aside nearly $7 billion to vaccinate India's 1.3-billion people against coronavirus.
India becomes the third country in the world, after the US and Brazil, to report more than two million cases of the coronavirus infection.
India recorded a single-day spike of 47,704 positive cases and 654 deaths in the last 24 hours, according to the Ministry of Health and Family Welfare.
The total number of coronavirus cases in India has gone up to 3,20,922 after a record of 11,929 fresh infections were reported in 24 hours.
The Ministry of Home Affairs has issued new guidelines for the fifth phase of lockdown which is slated to begin from June 1, 2020.
With nearly 7,964 fresh cases reported within a span of 24 hours, the COVID tally on Saturday rose to 173,763.