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Why is India seen as ‘anti-AI’ play? Ruchir Sharma explains foreign investor indifference
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Why is India seen as ‘anti-AI’ play? Ruchir Sharma explains foreign investor indifference

The Indian Express·Tech Desk·about 1 month ago
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Ruchir Sharma is Chairman of Rockefeller International and founder of Breakout Capital. (Express Image) India is struggling to attract foreign investment partly because global capital is increasingly concentrated around artificial intelligence (AI), with foreign investors currently viewing the country as an anti-AI play, according to Ruchir Sharma, the chairman of Rockefeller International, founder & CIO of Breakout Capital and an acclaimed author. In conversation with Anant Goenka, Executive Director, The Indian Express Group, at Express Adda held on Tuesday, April 28, Sharma pointed to the lack of AI infrastructure as one of the biggest reasons why foreign investors are indifferent towards India at the moment. “The picks and shovels, semiconductors, memory, and the compute. That’s the phase. It is a mad dash going on for that. India, unfortunately, just does not have that, as per the sentiment among foreign investors,” he said. “You see a desperate run to win the AI arms race.…

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