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The Aligned Mind | Bibek Debroy's uncertainty principle

Love uncertainty and embrace risk, but don’t apply that principle indiscriminately, says economist Bibek Debroy.

November 21, 2020 / 09:59 IST
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Note to readers: They hold the economy together but what holds them together? The Aligned Mind delves into the mental health and spiritual well-being of India's finest business minds. How they confront their challenges. What disciplines and practices keep them intellectually and emotionally agile. How they attain the mind-body-spirit integrity that keeps their organisations finely balanced on that cutting edge.

As chairman of the Prime Minister's Economic Council, one might argue, economist Bibek Debroy has a bit more of a bird's eye view over the vicissitudes of change that have hit us as a society and an economy over the last couple of years. Yet, it is from the texts he has grappled with as a translator and author, that his understanding of how uncertainty works have come.

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Studying the texts, Debroy says, "changes you as a person". It is a lifelong influence and training, one that far predates a specific set of circumstances, and that is the kind that kicks in whether one is in the trough or peak of a wave.

Debroy, a master of texts, could recite a Bhagavad Gita shloka to make his point but the range of influence upon him is vaster and the principle finds wider resonance across texts. The essence being non-reaction. "It is a reminder that all things are transient. The bad can be transient but the good can also be transient. It only works if you don’t react to the bad but you don’t react to the good either."