India is betting on the tradition of “frugal innovation” and its huge tech talent pool to catch up in the global artificial intelligence arms race, as it seeks a share of the fast-developing industry.

Now, let me guess: there is a clever-clever reason why, actually, this all makes total sense. There always is.

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Those hoping for prosperity under Trump have had an unpleasant shock. Wednesday’s so-called liberation day was the culmination of a 10-week long bonfire of conservative economic convention in America.