Praggnanandhaa will be joined by athlete-actor Saiyami Kher at the event.
Nodirbek Abdusattorov scored 2.5 points out of a possible three, securing victories over talented German Vincent Keymer in round two and India's R Praggnanandhaa in round three.
The World Championship is scheduled to be played from November 25 till December 13 in Singapore.
Carlsen also said that there has been a 'deflation' in the significance of chess ratings.
He had earlier participated in 2019 and had gone on to clinch the title.
Members of Pakistan's chess contingent held India's flag at 2024 Olympiad. The video of the incident has gone viral.
Prime Minister Narendra Modi observed a game of bullet chess between two members of India's 45th Chess Olympiad-winning team, R Praggnanandhaa and Arjun Erigaisi.
Vidit Gujrathi was a part of the Indian men's team, which also included D Gukesh, R Praggnanandhaa and Arjun, that won a historic Chess Olympiad gold in the Open category
In an interaction with NDTV, chess star Vantika Agrawal had revealed that their celebrations were planned.
Former world chess champion Garry Kasparov showered praise on the Indian team for historic double gold in both the men's and women's events at the 2024 Chess Olympiad.