Reuters published an analysis on October 9, 2025, stating that the Indian stock market currently does not offer investors a sufficient number of "pure-play" AI stocks. Unlike the U.S. or Taiwan, where one can invest directly in chip designers or foundational model developers, the Indian exchanges are dominated by IT service companies that are users, not creators, of core AI technologies. This deficit of direct investment opportunities in the decades main tech trend is forcing investors seeking high returns to redirect capital to other promising but more volatile sectors of the Indian economy. As examples of such alternative "growth bets," Reuters cites stocks of companies related to renewable energy, electric vehicle manufacturing, and the defense industry. Thus, the global AI boom is indirectly stimulating growth in other, unrelated sectors in India.
Reuters Analysis: Indias Lack of "AI Stocks" Pushes Investors Toward Riskier Bets
