4 min readDelhi, NewUpdated: Apr 5, 2026 09:28 AM IST
“At the same time, it must be recognised that you are graduating in a period of unprecedented change. Three examples stand out in this decade in terms of challenges: the Covid pandemic, conflicts and climate change. Each of them has impacted our daily lives to an unimaginable degree."
EXTERNAL AFFAIRS Minister S Jaishankar said on Saturday that “everything today is being leveraged, if not actually weaponized”, as he spoke about the world facing challenges.
Speaking at the convocation ceremony of IIM Raipur, Jaishankar said, “At the same time, it must be recognised that you are graduating in a period of unprecedented change. Three examples stand out in this decade in terms of challenges: the Covid pandemic, conflicts and climate change. Each of them has impacted our daily lives to an unimaginable degree. The pandemic, in fact, transformed the very manner in which we worked and we lived, holding its own lessons. As for conflicts, their impact on even distant societies have been profound, a testimony to how deep globalisation has now become. Where climate change is concerned, the growing frequency of extreme climate events and the steady erosion of our natural habitat pose both short and long-term concerns.”
“The politics of some societies find it difficult to come to terms with these changes. New developments in technology, in energy, in military capabilities, in connectivity and in resources have encouraged risk taking in an increasingly competitive environment. Everything today is being leveraged, if not actually weaponised,” said the minister.
The world is then confronted with the task of securing itself in an increasingly volatile and unpredictable environment. This has necessitated a larger inclination to hedge, to de-risk and to diversify, whether it is a business choice or a foreign policy one, Jaishankar said, adding, “Arriving at an optimal mix of equities, exposure and risks is a far more complex calculus as a result.”
On India’s approach towards facing these challenges, the minister said, “Good preparation, sound judgement and clear goals are the basics of diplomacy as much as they are of business. Negotiation skills may be honed through practice, but are nevertheless built on the ability to gauge the mindset of the other party. How to address difficult situations with complicated options – this is understandably the real test.”
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He said when presented with competing choices, the yardstick for decision making must be firmly fixed on one’s core interest. Harmonising, prioritising and managing choices then naturally fall into place. “I can tell you that if ‘India First’ is your compass, the direction will always be clear. That also enables the confident exercise of preferences where required. Even the preparatory work for such endeavors is worth thinking about. Maximizing decisional space is a prerequisite that should become like a second nature for all of us,” said the minister.
Jaishankar said the graduating class at the event must count itself as fortunate because it is destined to achieve the goal of ‘Viksit Bharat’.
“For all these anxieties, it must nevertheless be appreciated that the prospects of those graduating today in India are far brighter than before. In fact, there is an optimism in our society that is lacking in many other parts of the world. Now you could ask, why is that? Perhaps, because the last 10 years have been much better, giving rise to the confidence that the next 10 and those beyond will also be. We are after all now among the top five economies. No one can dispute that the multiple global shocks recently have tested our resilience and that India has come through that solidly. We have managed both domestic and external challenges fairly successfully,” he said.
Shubhajit Roy, Diplomatic Editor at The Indian Express, has been a journalist for more than 25 years now. Roy joined The Indian Express in October 2003 and has been reporting on foreign affairs for more than 17 years now. Based in Delhi, he has also led the National government and political bureau at The Indian Express in Delhi — a team of reporters who cover the national government and politics for the newspaper. He has got the Ramnath Goenka Journalism award for Excellence in Journalism ‘2016. He got this award for his coverage of the Holey Bakery attack in Dhaka and its aftermath. He also got the IIMCAA Award for the Journalist of the Year, 2022, (Jury’s special mention) for his coverage of the fall of Kabul in August 2021 — he was one of the few Indian journalists in Kabul and the only mainstream newspaper to have covered the Taliban’s capture of power in mid-August, 2021. ... Read More