Finance Minister Nirmala Sitharaman stated that India is the fastest-growing major economy in the world. She noted that the country offers significant scale, sustainable growth, a young population, growing consumption, and rapidly developing capital markets. Addressing members of the Indian business community in Toronto, the minister emphasized that this combination is hard to find for Canadian investors with a long-term horizon.
Commerce and Industry Minister Piyush Goyal also optimistically assesses India's prospects, focusing particularly on startups. He proposed holding a series of 'Shark Tank'-style startup pitches between India and Japan to stimulate ties and investment between the two nations. Furthermore, he invited Japanese 'patient capital' and precision engineering technologies to collaborate with India.
Goyal advocated for the creation of a deep technology corridor between Japan and India, which would attract larger funds of patient capital intended not only for mature unicorns but especially for early-stage financing to help turn startup ideas and innovations into successful stories.
In the context of deep technology development, the state of Tamil Nadu aims to become a national leader in artificial intelligence and deep technology innovation. The state government has announced several initiatives: a deep technology innovation fund with an initial capital of 50 crore rupees, AI centers of excellence, a GPU-based high-performance computing cluster, an AI-supported Tamil internet language lab, and a super app for public services.
There is also good news for deep tech startups. Micromax Informatics launched its family office with a capital of 250 crore rupees. This office will invest in deep technology startups both in India and abroad, covering areas such as AI, semiconductors, defense industry, space technology, and robotics, primarily at early stages of financing.
In Chhattisgarh, the non-profit organization Girl Rising, through its Premier League RISE, conducts cricket matches where girls and boys play together in one team on equal terms. This league is part of Girl Rising RISE's flagship educational program and aims not only at cricket but also at combating stereotypes, understanding gender equality, and building self-confidence.
According to the report, the hiring forecast in Global Capability Centers (GCCs) in India remains positive throughout FY27. However, the focus is on hiring skilled professionals rather than attracting a large volume of personnel. An annual GCC survey conducted by Taggd in partnership with CII, titled 'From Intent to Predictable Scale: The Future of GCCs in India,' shows that 52% of GCCs plan to expand their workforce in FY27, up from 47% in the previous fiscal year.



