India is significantly lagging as the artificial intelligence trade reshapes global investment flows. The country's stock market is at risk of dropping out of the world’s five biggest for the first time in three years. Without the AI-driven rallies seen in Taiwan and South Korea, India risks falling further behind. Global investors are now focusing on areas the Indian market lacks, such as chip manufacturing and AI models. While India has talent and digital scale, few companies are directly linked to this buildout, leaving the market tied to domestic consumption.