Countries fighting Covid in decentralised manner doing much better: Rajan

Former Reserve Bank governor Raghuram Rajan has said the countries that tried to fight coronavirus pandemic in a decentralised manner have done reasonably well as compared to others.

Citing the example of Germany and South Korea, Rajan said that these countries have allocated resources at the centre but left the details to provinces.

In case of India, he said, as a result of the nation-wide lockdown, which was imposed after four hours notice with effect from March 25, the regions which did not have coronavirus cases at that time suffered economically.

"I do want to point out difficulty of having