Economic prowess: These top Indian firms are worth more than the GDP of several countries. Click to learn more
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In a testament to the economic prowess of India’s corporate landscape, the combined market capitalization of the top Indian companies has outstripped the Gross Domestic Products (GDPs) of several neighbouring countries, including Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, and Maldives.
India’s 10 most-valued stocks including Reliance Industries Ltd (RIL), Tata Consultancy Services Ltd (TCS), HDFC Bank Ltd and Infosys Ltd were together worth nearly $1.1 trillion (or Rs 89,97,849 crore) at an exchange rate of Rs 83 ($1 billion: Rs 8,300 crore), which was higher than the combined annual gross domestic products (GDPs) of India’s South Asian neighbours.
Reliance Industries Limited (RIL), hailed as one of India’s most valuable companies, boasts a market capitalization exceeding $269 billion, surpassing the GDPs of Peru, Maldives, and Bhutan.
The Tata Group, with a total market capitalization exceeding $365 billion, outpaces Pakistan’s estimated GDP and even exceeds the GDPs of Finland, Greece, and Qatar.
Tata Consultancy Services (TCS), a flagship company under the Tata umbrella, stands out with a market capitalization of nearly Rs 17 lakh crore or $177 billion, equivalent to half the size of Pakistan’s GDP. Additionally, it surpasses the GDP of countries such as Ukraine, Maldives and Nepal, as per the IMF estimates.
HDFC Bank Limited, India’s largest private sector bank in terms of assets, with a market capitalization surpassing $132 billion, outstrips the GDPs of the Dominican Republic, Myanmar, and Nepal.
ICICI Bank, a key player in developmental finance, boasts a market capitalization exceeding $88 billion, surpassing the GDPs of Costa Rica, Myanmar, and Sri Lanka.
Infosys Limited, the second-largest Indian IT company, commands a market capitalization exceeding $83 billion, exceeding the GDPs of Panama, Croatia, and Azerbaijan.
This financial dominance underscores the significant contribution of Indian corporations to the regional economic landscape.
