Ace investor and author Ruchir Sharma on Tuesday flagged India’s slipping position in the global artificial intelligence race, warning that the lag is now reflecting in weak foreign direct investment (FDI) inflows compared with other emerging economies. Speaking at the Express Adda, Sharma said that India has not made progress in building data centres and digital infrastructure for AI. “The real action is in semiconductors and memory,” he said, pointing to countries such as Taiwan, South Korea and the United States, which dominate these critical segments. According to Sharma, this structural gap has led to what he described as “unprecedented indifference” from foreign investors toward India. “That’s what the world is all about today — identifying winners and losers in the AI race,” Sharma said. “Unfortunately for India, unlike during the tech boom of the 1990s and 2000s, foreigners have taken the view that India is a loser in this race,” he added.