Tata Group Surpasses Pakistan’s Entire Economy in Size

Tata Group Surpasses Pakistan’s Entire Economy in Size

Given that multiple Tata Group companies generated enormous returns in a single year, the conglomerate’s market capitalization is currently more than Pakistan’s total GDP. The IMF assessed Pakistan’s GDP to be close to $341 billion, but the Tata Group’s market capitalization was just $365 billion. Separately, the economy of Pakistan is around half that of Tata Consultancy Services, the second-largest firm in India, with a valuation of $170 billion.

How are Tata companies performing?

The increase in the Tata Group’s cap over the past year has been caused by the return of Trent and Tata Motors as well as the upswing observed in Titan, TCS, and Tata Power. In the past year, at least eight Tata companies have seen their fortunes more than double. These consist of Artson Engineering, TRF, Trent, Automobile Corporation of Goa, Tata Investment Corporation, and Benaras Hotels. Furthermore, Tata Capital has a market value of ₹2.7 lakh crore and has to launch its IPO by the end of the next year.

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Pakistan’s economy struggles on

Pakistan’s GDP is expected to have contracted in FY23 after growing by 5.8% in FY21, 6.1% in FY22, and most likely diminishing in FY23. A country with $125 billion in liabilities and $25 billion in outside obligations that it will start reimbursing in July experienced huge damage, destroying floods that cost billions of dollars. Its $8 billion in unfamiliar trade holds likewise harmonize with the $3 billion termination of its IMF contract in March.