News

Mahindra Group chairman Anand Mahindra described Canadian Prime Minister designate Mark Carney as a "cerebral man with a great sense of humor" and a "no-nonsense, plain-speaking guy" during their meeting in 2017. Carney, a seasoned economist and banker, is set to officially take office as Canada's Prime Minister following Justin Trudeau's resignation.

India's ambitious $5 trillion GDP target by 2027 faces a steep climb, requiring significant investment, productivity, and post-pandemic consumer momentum. However, experts urge a reality check, highlighting the need for deeper reforms, ease of doing business, and broader entrepreneurship to achieve sustainable growth.

West Bengal Chief Minister Mamata Banerjee's dramatic walkout from the NITI Aayog meeting, citing limited speaking time and perceived bias against opposition states, has further escalated tensions between the central government and opposition parties. This incident, coupled with the boycott of the meeting by several other opposition chief ministers, highlights the growing divide and lack of consensus on crucial development issues.

OpenAI is considering reducing the subscription price of ChatGPT in India, potentially to several dollars, as part of discussions with Reliance Industries for strategic collaborations. This move aims to make the service more accessible and leverage Reliance's network to integrate AI technologies into the Indian market.

China's massive manufacturing capacity and strategic intent will force countries to adapt their economic strategies, warns Kotak Mutual Fund MD Nilesh Shah, who predicts China will export deflation and recession to the world. Shah emphasizes the need for countries to benchmark themselves against China and adopt a similar "sam, dam, dand, bhed" policy to remain competitive.