Why the Absence of Scaled AI Companies on Indian Exchanges Could Be Reshaping Capital Flows, Weakening the Rupee, and Redefining India’s Position in the Global AI Economy
There are moments in economic history when currencies stop behaving like mere financial instruments and begin reflecting deeper structural transitions. The recent weakness of the Indian rupee may be one such moment. For months, conventional explanations have dominated public discussion. Rising crude oil prices. Elevated US Treasury yields. Foreign institutional investor (FII) outflows. Geopolitical instability…