Revista Internacional de Economia e Ciências de Gestão

Is It Right to Claim COVID -19 Vaccine Liabilities In Accordance with Indian Law of Tort From The Present Economic Conditions of Pandemic?

Abstract

Ayush Das*

The deterrent component of tort law is highlighted by the economic theory of tort law. It is predicated on the notion that responsibility for unintentional injury should be allocated. in order to reduce the predicted costs of accidents, such as those incurred by the victims, the expense of taking safeguards to prevent injuries and victims, and the administrative costs of determining fault. This research tries to examine tort liability from an economic perspective. This work does not consider each and every tort law idea, but rather focuses on a few that are more closely related to tort law than others and all of them work together harmoniously to produce a seamless body of study, which is the goal of this work.

It investigates the possible significance of risk-benefit analysis in determining the appropriateness of the COVID-19 vaccination. It is argued that a comprehensive flexible approach to determining defectiveness that embraces risk-benefit can take into account the enormous public interest derived from the continued supply and availability of vaccines, as well as the benefits of immunity for both the individual and the community. The immunity-granting advantages of the COVID-19 vaccinations for both the individual and the community should be significant in any assessment of defectiveness if situations involving the liability of the vaccine do arise. Such a comprehensive, adaptable approach to defects that considers risk and benefit can be used to assess a vaccine's safety and potentially lessen its risks decreasing public trust in the vaccine update.