Published on May 7, 2026
India has long been seen as a burgeoning hub for technology and software development. However, recent shifts in the global artificial intelligence landscape reveal a stark change. Investors are increasingly focusing on sectors like chips and advanced computing, leaving India’s tech domain feeling sidelined.
Ruchir Sharma, chairman of Rockefeller International, highlighted the factors contributing to this perception. He pointed to India’s low research and development spending, coupled with an over-reliance on software and outsourcing jobs, which has dampened investor sentiment. The country’s struggle to adapt in an era where infrastructure and computing power are paramount is becoming apparent.
As the market evolves, Sharma noted some potential upsides. India enjoys robust nominal GDP growth, and there may be an opportunity for a valuation reset that could attract investment. Furthermore, as AI adoption matures and shifts towards driving productivity, India could still be in a position to capitalize on these advancements.
The path forward, however, is not without its hurdles. The current lack of focus on foundational technologies leaves India vulnerable to being overshadowed AI innovation. Without immediate strategic shifts, India risks losing its competitive edge in the global tech arena.
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