Pfizer, Moderna seek indemnity protection in India. What does it mean?

Amid an acute vaccine crisis in the country, India is expected to grant indemnity to foreign vaccine makers including Pfizer and Moderna which would it make it easier for their Covid vaccines to come to India.

Earlier, India had been at loggerheads with Pfizer over the pharmaceutical company seeking an 'indemnity clause' which would make it immune to any claims linked to the use of its Covid-19 vaccine. India has not given any vaccine manufacturer indemnity so far against the costs of compensation for side-effects related to their vaccines.

However, Pfizer has obtained indemnity in many countries where its shots are already in use, including the UK and the US. After news of foreign vaccine makers being granted indemnity surfaced, Covishield producer Serum Institute has also asked the government for the same exemptions. But what exactly does this mean? Watch this video to know.