AI boom pushes India out of MSCI EM top‑10 after 26‑year run
AI-fueled rallies in semiconductor and chip stocks have displaced India's HDFC Bank and Reliance Industries from the MSCI Emerging Markets top‑10 for the first time in 26 years. The shift trims their index weight below 0.8%, reshaping passive fund allocations and signaling a broader tilt toward AI‑heavy economies.