India's fifth spot in global market cap list under threat as Taiwan closes in
• India's status as the world's fifth-largest equity market by capitalization is under threat as Taiwan rapidly closes the gap. • Taiwan's surge is primarily driven by the growth of Taiwan Semiconductor Manufacturing Co. (TSMC), while India suffers from a lack of AI-focused investment opportunities. • The decline is highlighted by poor annual earnings growth and significant losses in Indian indices, with the Nifty 50 down 8.5% and the BSE Sensex down 10.8% this year.
reuters.com