Bigger than Pakistan’s GDP: Tata Group’s market capitalization at USD 365 bn
Bigger than Pakistan’s GDP: Tata Group’s market capitalization at USD 365 bn
The GDP of Pakistan is currently less than the total market capitalization of the Tata Group companies.
The conglomerate that specializes in salt to software has achieved an impressive market capitalization of over $365 billion, or Rs 30.3 lakh crore, based on the latest figures. The IMF estimates that Pakistan’s GDP is approximately $341 billion.
The largest company in India after Reliance, Tata Consultancy Services (TCS) is a software giant with a total market capitalization of $178 billion, more than half the GDP of Pakistan.
However, the World Bank estimates that Pakistan’s GDP is approximately $376 billion, which is only slightly more than the market value of the Tata Group as a whole.
When the Tata Group’s total market value surpassed Rs 30 lakh crore earlier this month, it became the first Indian conglomerate to reach that significant milestone.
Growing interest in the stock of companies like Tata Consultancy Services, Tata Motors, Tata Power, and Indian Hotels has contributed to the astounding increase in wealth.
The N Chandrasekaran-led group’s market share increased by roughly Rs 613,000 crore in 2023.
Pakistan, meanwhile, has been struggling economically for the past few years as a result of growing debt, diminishing foreign exchange reserves, and ongoing political unrest.
Pakistan’s domestic debt has increased six-fold since 2011, while the country’s external debt has nearly doubled.
Pakistan’s debt crisis is far more serious than the International Monetary Fund’s (IMF) assessment that it is “borderline” manageable, according to a recent report from the Islamabad-based think tank Tabadlab. The report called the situation a “raging fire.”
Pakistan received a much-needed $3 billion bailout last year from the IMF.
