- February 19, 2024
At over $365 billion, Tata Group now bigger in size than Pakistan’s GDP – Times of India
NEW DELHI: The combined market capitalization of Tata Group companies is now larger than the Gross Domestic Product (GDP) of Pakistan.
According to latest figures, the salt-to-software conglomerate has hit an impressive market capitsalization of over $365 billion or Rs 30.3 lakh crore while Pakistan’s GDP is estimated at around $341 billion, according to IMF estimates.
Software giant Tata Consultancy Services or TCS, which is India’s largest company after Reliance, alone has a total m-cap of $178 billion, over half the size of Pakistan’s GDP.
However, according to World Bank’s estimates, Pakistan’s GDP is at roughly $376 billion, just marginally higher than Tata Group’s combined market value.
Earlier this month, Tata Group’s combined market capitalization crossed the Rs 30 lakh crore mark, making it the first Indian conglomerate to achieve the landmark.
The remarkable surge in wealth has been fueled by growing interest in shares of firms like Tata Consultancy Services, Tata Motors, Tata Power and Indian Hotels.
In 2023, the N Chandrasekaran-led group saw added approximately Rs 613,000 crore to its market share.
Meanwhile, Pakistan has been grappling with economic issues for the last few years amid rising debt, declining forex reserves and prolonged political instabilty.
Since 2011, Pakistan’s external debt has nearly doubled, while its domestic debt has increased sixfold.
A recent report from Islamabad-based think tank Tabadlab described Pakistan’s debt situation as a “raging fire” and far more critical than the International Monetary Fund’s (IMF) assessment of being “borderline” manageable.
Last year, IMF approved a much-needed $3 billion bailout for Pakistan.
According to latest figures, the salt-to-software conglomerate has hit an impressive market capitsalization of over $365 billion or Rs 30.3 lakh crore while Pakistan’s GDP is estimated at around $341 billion, according to IMF estimates.
Software giant Tata Consultancy Services or TCS, which is India’s largest company after Reliance, alone has a total m-cap of $178 billion, over half the size of Pakistan’s GDP.
However, according to World Bank’s estimates, Pakistan’s GDP is at roughly $376 billion, just marginally higher than Tata Group’s combined market value.
Earlier this month, Tata Group’s combined market capitalization crossed the Rs 30 lakh crore mark, making it the first Indian conglomerate to achieve the landmark.
The remarkable surge in wealth has been fueled by growing interest in shares of firms like Tata Consultancy Services, Tata Motors, Tata Power and Indian Hotels.
In 2023, the N Chandrasekaran-led group saw added approximately Rs 613,000 crore to its market share.
Meanwhile, Pakistan has been grappling with economic issues for the last few years amid rising debt, declining forex reserves and prolonged political instabilty.
Since 2011, Pakistan’s external debt has nearly doubled, while its domestic debt has increased sixfold.
A recent report from Islamabad-based think tank Tabadlab described Pakistan’s debt situation as a “raging fire” and far more critical than the International Monetary Fund’s (IMF) assessment of being “borderline” manageable.
Last year, IMF approved a much-needed $3 billion bailout for Pakistan.
