India’s Covid crisis shows lack of foresight, complacency, says Raghuram Rajan

India’s Covid crisis shows lack of foresight, complacency, says Raghuram Rajan

New York City: India’s overwhelming surge of coronavirus infections has revealed complacency after last year’s first wave, as well as a “lack of foresight, a lack of leadership,” according to Raghuram Rajan, former governor of the country’s central bank. “If you were careful, if you were cautious, you had to recognize that it wasn’t done yet,” Rajan said Tuesday in a Bloomberg Television interview with Kathleen Hays. “Anybody paying attention to what was happening in the rest of the world, in Brazil for example, should have recognized the virus does come back and potentially in more virulent forms.” India is suffering the world’s worst outbreak of Covid-19 cases, with deaths hitting a record Sunday and new cases above 350,000 daily. Pressure is building on Prime Minister Narendra Modi to impose strict lockdowns to stem its spread, a move his government has so far avoided after the economic devastation last year from a similar strategy. After a drop in cases last year, “there was a sense that we had endured the worst the virus could give us and we had come …
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