‘India is loser in AI race…’ - Ruchir Sharma on foreign investors sentiment on India
Ruchir Sharma stated that foreign investors view India as a loser in the AI race, citing India's lack of core AI infrastructure. Sharma noted that Taiwanese company TSMC has a greater weight in the MSCI index than all of India combined.
Ruchir Sharma, Chairman of Rockefeller International and Founder of Breakout Capital, said foreign investors view India as a loser in the AI race. Sharma noted that the world is focused on building core AI infrastructure, such as semiconductors and compute, which India lacks. He stated that countries like Korea and Taiwan have made significant gains in the AI space. TSMC, a Taiwanese company, has a greater weight in the MSCI index than all of India combined. Sharma's comments came amid reports of $106 million in foreign portfolio investor net inflows into India after weeks of selling. India's lack of AI infrastructure is attributed to structural weaknesses.
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