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Reimagine freely for antifragile India


Reimagining – business and the world – was the theme of last week’s ET Global Business Summit (GBS) 2023. In his keynote address, Prime Minister Narendra Modi not only laid out his government’s successes in reimagining the very notion of governance and relationship of government with citizenry, but he also underlined the prerequisite of imagination in any act of reimagination. The result of GoI’s reimagination spree over the last nine-odd years has been the emergence of an ‘antifragile’ India.

Channelling the concept developed by Nassim Nicholas Taleb in his 2012 book, Antifragile: Things That Gain From Disorder, Modi, who used the term at least five times, explained how being antifragile is not just being able to stand up to shocks and volatility – and we have seen enough of that in the pandemic, climate change-instigated upheavals, a war in Ukraine resulting in major disruptions in global supply chains – but also to become resilient against future challenges and black swan events. This, the PM reminded, has been possible by his government’s ability to adapt. A crucial property of Taleb’s idea is recognising the value of error, with antifragile systems advancing through a negative feedback loop and correcting from what is learnt from those mistakes. Modi laid out many such past mistakes his government has corrected – ‘leakage’ of benefits before reaching their targets due to corruption replaced by direct benefit transfers (DBTs); decades of dam-building projects without any thought towards building connecting canals; ‘Garibi Hatao’ as a mere slogan that facilitated a ‘government-first’ approach to infrastructure-building that has been swivelled to a ‘people-first’ one.

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Modi also underlined that the fortunes of this antifragile India and the world are joined at the hip – what’s good for India is good for the world; what’s bad for India is bad for the world. Shaking off its tag as one of the ‘Fragile Five’ – Turkiye, Brazil, South Africa and Indonesia being the other four – the PM extended another thinker, Yuval Noah Harari’s idea of finding post-nation solutions for planetary and intraplanetary ‘sapiens’-created problems. Put your future in India and put your future in the world – a message the PM drove home to a global audience from the bright spot that’s India.



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