New Delhi, June 24 -- India has emerged as one of the top countries in artificial intelligence (AI) readiness, trailing only the U.S. and China, while remaining one of the world's least concentrated equity markets, according to a recent report by J.P. Morgan.

The report, titled "Semiquincententacles: The U.S. Grip on Global Markets at 250," highlighted India's unique position in global capital markets and the evolving AI and semiconductor landscape.

Comparing stock market concentration across countries, the report noted that while the share of the ten largest companies in the S&P 500 has risen sharply in recent years, India remains among the least concentrated markets globally.

"As recently as 2015, the 10 largest U.S. stocks represent...