Praggnanandhaa said just talking to the Indian chess wizard (Anand) boosts his confidence.
The event is held over 11 rounds in both open and women's categories with likely participation of over 2,000 players.
The second game of the Chess World Cup final between Rameshbabu Praggnanandhaa and Magnus Carlsen ended in a draw after 30 moves.
The 18-year-old also created history as he surpassed the legendary Viswanathan Anand to take the No 1 spot among Indian chess players in the live ratings.
Indian GM was impressive against a fancied and higher rated opponent
Indian Grandmaster D Gukesh held on to the joint top spot with Russian Ian Nepomniachtchi after they played out an easy draw in the 10th round of the Candidates chess tournament in Toronto.
Seventh-round loss gave me energy, motivation to aim for title: Gukesh
Indian Grandmaster Arjun Erigaisi has a word of advice for World Championship contender D Gukesh ahead of his clash against China's Ding Liren -- just focus on your preparation and don't count yourself as a "huge favourite" going into the title showdown.
China's Ding Liren was crowned on Sunday as the 17th world chess champion in a tense match against Russian-born Ian Nepomniachtchi in Astana, Kazakhstan, in the last chapter of an odds-defying sequence of events.
Indian Grandmaster D Gukesh, 18, has claimed a historic victory over defending World Champion Ding Liren in the 14th game of the World Chess Championship in Singapore on Thursday.
D Gukesh struck back after recovering from a sedate start to defeat compatriot R Praggnanandhaa and Vincent Keymer in the Superbet rapid and blitz tournament
Viswanathan Anand was to return to Chennai on Monday after competing in the Bundesliga Chess League but had to stay back near Frankfurt given the travel restrictions, his wife Aruna said. Anand, who is set to don the commentator's hat for the FIDE Candidates tournament that begins in Yekaterinburg, Russia to spot the challenger to world champion Magnus Carlsen, will handle the role from his present location.
Russian race walker Lashmanova banned, to be stripped of 2012 London Olympics gold
Indian Grandmaster Gukesh made history on Thursday, becoming the youngest-ever to win the world title defeating Liren in the 14th and final game of the championship in Singapore.
Gujrathi, who was a part of India's gold-winning campaign in the Chess Olympiad recently, says the sport's ecosystem needs a major overhaul to ensure players have more balance in life.
For a long time, Viswanathan Anand was the lone flag-bearer of Indian chess, taking the world by storm with his exploits.
Praggnanandhaa can take heart from the fact that he goes in to the candidates as the top rated Indian slated to be held in about four weeks from now in Toronto.
Pragg, Gujrathi out of contention
Gukesh, Praggnanandhaa, Erigaisi and Vaishali have trained at the Westbridge Anand Chess Academy (WACA) that the bespectacled chess wizard set up four years ago in Chennai. The 18-year-old Gukesh and the 19-year-old Praggnanandhaa have often stated that they would not be where they are without "Vishy sir".
Dronavalli Harika stunned world champion Ju Wenjun in the third round to grab a share of the top spot in the FIDE Women's Grand Prix
All India Chess Federation (AICF) president Sanjay Kapoor said the federation is also working on organising an Indian Chess League.
By becoming only the second Indian after legendary Vishwanathan Anand to reach the semi-finals of the World Cup, Praggnanandhaa booked a spot in the Candidates event in 2024 to determine the challenger to Ding Liren.
The coronavirus pandemic has taken a toll on sports calendars across the globe, resulting in cancellation and postponement of events, but it has also provided sportspersons a rather unexpected break. Indian sportspersons including some chess players plan to use the time to train and also be with their families.
Grandmaster Koneru Humpy will spearhead the Indian challenge in the Women's candidates' chess tournament that will get underway in Toronto, Canada from Wednesday.
At the world championship, players have two hours each to play the first 40 moves, with 30 minutes being added to reach move 60, before 15 minutes are added with a 30-second increment per move being then granted.
Gukesh aims to keep improving after becoming India No 1 without sponsorship support
Chess will crown a new world champion when Ian Nepomniachtchi and Ding Liren begin their battle on Sunday.
Continuing his dream run, Praggnanandhaa on Monday stunned Caruana 3.5-2.5 via the tie-break in the semi-finals to set up a summit clash with world number one and five-time world champion Magnus Carlsen of Norway at the FIDE's premier event.
Grandmaster Vidit Gujrathi on Tuesday said "everything came together" for him at the Grand Swiss event on his way to the Candidates.
Praggnanandhaa is on his own at the Azerbaijan capital of Baku as his personal coach RB Ramesh is away in another country.
In the women's event, India's D Harika drew with Nino Bastiashvili (Georgia) to move up to four points. She is in joint third place with six others.
R Praggnanandhaa was far from realising the enormity of his achievement in the FIDE World Cup but reckoned his incredible run could force people to "start noticing" Indian chess.
Gukesh's journey wasn't easy as his family dug into their savings and also turned to crowd-funding to fuel his dream.
Five-time world champion Viswanathan Anand sealed the Candidates tournament title with an effortless draw with Peter Svidler of Russia in the 14th and final round in Khanty Mansiysk.
Indian Grandmasters D Gukesh and Vidit Santosh Gujrathi bowed out of the FIDE World Cup chess tournament after losing to Norwegian Magnus Carlsen and Azerbaijan's Nijat Abasov respectively in Baku on Wednesday.
China would have been among the top medal contenders in the Olympiad and their absence would brighten India's chances.
Rameshbabu Praggnanandhaa lost to World Champion Ding Liren in the Armageddon tie-breaker after the two played out a draw under normal time control in the second round.
After six draws in a row, Praggnanandhaa was relieved after the victory, a result of Gupta's blunder under time pressure.
India's Grandmaster Pentala Harikrishna dished out a stellar performance to beat world No. 4 Levon Aronian of Armenia in the sixth round to climb to top of the leaderboard at the Geneva FIDE Grand Prix chess tournament.
A summary of sports events and sports persons, who made news on Saturday