Global investors prioritize AI-driven markets, significantly boosting Taiwan and South Korea’s market caps near India’s. This surge is fueled by demand for AI-related stocks, exposing India's lack of "AI plays." Though profits are possible without AI, global capital actively seeks AI-hot opportunities. India's weak share performance risks it being overtaken. The author suggests India might need to join the AI race to compete. This calls for an Indian strategy to address this shifting global investment focus, acknowledging market cap as an imperfect economic health metric.