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Regional shape
Highly asymmetrical but increasingly legible
India, Pakistan, and Bangladesh now expose three distinct commercial AI paths rather than one flat regional story.
Strongest current company environment
India
India remains the clearest South Asian market where public rails, language infrastructure, and talent can support a broader company layer.
Main regional constraint
Thin builder depth outside the top layer
Pakistan and Bangladesh are more legible than before, but the subregion still needs more visible commercial winners if the company layer is going to look broadly durable.