Tata Group worth over $365 billion is now bigger in size than Pakistan’s GDP
New Delhi: The combined market capitalization of Tata group companies is now bigger than Pakistan’s gross domestic product (GDP).
As per the latest data, the salt-to-software conglomerate has achieved an impressive market capitalization of over $365 billion or Rs 30.3 lakh crore, while as per IMF estimates, Pakistan’s GDP is estimated to be around $341 billion.
Software giant Tata Consultancy Services or TCS, India’s largest company after Reliance, has a total m-cap of $178 billion, more than half of Pakistan’s GDP.
However, according to World Bank estimates, Pakistan’s GDP is about $376 billion, which is only slightly more than the combined market value of the Tata Group.
Earlier this month, the combined market capitalization of Tata Group crossed the Rs 30 lakh crore mark, making it the first Indian conglomerate to achieve the historic feat.
The rising interest in shares of companies like Tata Consultancy Services, Tata Motors, Tata Power and Indian Hotels has led to a significant increase in wealth.
In 2023, the N Chandrasekaran-led group is expected to add around Rs 613,000 crore to its market share.
Meanwhile, Pakistan has been grappling with economic issues for the past few years amid rising debt, declining foreign exchange reserves and prolonged political instability.
Pakistan’s external debt has almost doubled since 2011, while its domestic debt has increased sixfold.
A recent report by Islamabad-based think tank Tabdlab described Pakistan’s debt situation as a “smoldering fire” and far more serious than the International Monetary Fund (IMF)’s “borderline” manageable assessment.
Last year, the IMF had approved a much-needed $3 billion bailout package for Pakistan.
As per the latest data, the salt-to-software conglomerate has achieved an impressive market capitalization of over $365 billion or Rs 30.3 lakh crore, while as per IMF estimates, Pakistan’s GDP is estimated to be around $341 billion.
Software giant Tata Consultancy Services or TCS, India’s largest company after Reliance, has a total m-cap of $178 billion, more than half of Pakistan’s GDP.
However, according to World Bank estimates, Pakistan’s GDP is about $376 billion, which is only slightly more than the combined market value of the Tata Group.
Earlier this month, the combined market capitalization of Tata Group crossed the Rs 30 lakh crore mark, making it the first Indian conglomerate to achieve the historic feat.
The rising interest in shares of companies like Tata Consultancy Services, Tata Motors, Tata Power and Indian Hotels has led to a significant increase in wealth.
In 2023, the N Chandrasekaran-led group is expected to add around Rs 613,000 crore to its market share.
Meanwhile, Pakistan has been grappling with economic issues for the past few years amid rising debt, declining foreign exchange reserves and prolonged political instability.
Pakistan’s external debt has almost doubled since 2011, while its domestic debt has increased sixfold.
A recent report by Islamabad-based think tank Tabdlab described Pakistan’s debt situation as a “smoldering fire” and far more serious than the International Monetary Fund (IMF)’s “borderline” manageable assessment.
Last year, the IMF had approved a much-needed $3 billion bailout package for Pakistan.
