Tata Group Beats Pakistan Economy: Tata Group Beats Pakistan’s Economy. The Tata group has a market cap of $365 billion or Rs 30.30 lakh crore. According to IMF report, Pakistan’s GDP is $341 billion.
Tata Group Beats Pakistan Economy
Tata Group beats Pakistan’s economy. The Tata group has a market cap of $365 billion or Rs 30.30 lakh crore. According to IMF report, Pakistan’s GDP is $341 billion. That means the Tata group alone is bigger than Pakistan’s economy.
Tata Consultancy Services, the second largest company in India, is almost half the size of Pakistan’s economy. TCS has a market cap of $170 billion.
The Tata group’s market cap has increased over the past year due to growth in Titan, TCS and Tata Power. The wealth of Tata companies has doubled in the last one year.
Tata group companies include TRF, Trent, Banaras Hotels, Tata Investment Corporation, Tata Motors, Automobile Corporation of Goa and Artson Engineering. Besides, Tata Capital, which will launch its IPO next year, has a size of Rs 2.7 lakh crore.
Pakistan’s economy is in crisis
Pakistan’s GDP was 6.1 percent in FY 2021-22 and 5.8 percent in FY 2020-21. Apart from this, the country has a foreign debt of 125 billion dollars and Pakistan is trying to repay 25 billion dollars of foreign debt since July.
Pakistan’s economy is 11 times smaller than India’s. At present the GDP of the country is around 3.7 billion dollars. India is believed to become the third largest economy by FY 2028, surpassing Japan and Germany. Currently India is the 5th largest economy in the world.
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