Another achievement has been registered in the name of Tata Group, which is counted among the leading business groups in the country. It has left behind the entire economy of a neighbouring country, Pakistan. The market capitalization of Tata Group has reached 365 billion dollars. On the other hand, according to IMF estimates, the GDP of Pakistan, which is stuck in an economic and political crisis, is only about 341 billion dollars.
Market Value Of TCS Is Half Of Pakistan’s GDP
Shares of Tata Group companies increased rapidly last year. He has also given good returns to investors. Due to this, there has been a sharp rise in the market cap of Tata Group. The value of Tata Consultancy Services, a Tata Group company, has crossed $ 170 billion. This is half of Pakistan’s GDP.
Pakistan Is Getting Stuck In The Swamp Of Debt
Islamabad think tank TabAdLab has claimed in a report that Pakistan’s debt is increasing faster than its GDP. Due to this, the economy’s ability to increase production is being hindered. Pakistan is in dire need of big changes. If this does not happen, Pakistan will continue to fall deeper into debt and move towards default. Pakistan’s foreign debt has almost doubled since 2011, and domestic debt has increased six times. Pakistan will have to repay a debt of approximately $49.5 billion in the financial year 2024.
Wealth Of 8 Companies Of Tata Group Doubled
The performance of Tata Group’s Tata Motors, Trent, Titan, TCS and Tata Power has been excellent. In the last year, the wealth of 8 companies of the group has almost doubled. These also include Benaras Hotels, TRF, Automobile Corporation of Goa, Artson Engineering and Tata Investment Corporation. Tata Capital, with a market value of about Rs 2.7 lakh crore, can launch its IPO next year.
