A consortium backed by Mukesh Ambani's Reliance Industries Ltd and India's top engineering schools aims to launch its first ChatGPT-style service next month. The BharatGPT group developed the model named Hanooman, which will work via 11 local languages in health care, governance, financial services, and education. Reliance Jio will build customized models for specific uses.
The Reserve Bank of India predicts inflation stabilization in India. Retail inflation eased to 5.1% in January. There may be renewed pressures from cereals and proteins. Input cost outlook and selling prices of manufacturing firms should improve. The global economy is expected to exhibit stronger-than-expected growth. India's debt-to-GDP ratio is projected to drop to 73.4% by 2030-31.
India plans to attract $26 billion in private investment to its nuclear energy sector. Firms like Reliance Industries, Tata Power, Adani Power, and Vedanta Ltd may invest about $5.3 billion each. The government aims to build 11,000 MW of new nuclear power generation capacity by 2040 in a hybrid model of project development.