The Economic Times reports on the economy of India. They said that the value of all the companies in the Tata Group has become even bigger than the entire economy of Pakistan. The total worth of Tata Group’s companies, from salt to software businesses, is now higher than Pakistan’s gross domestic product (GDP). The Tata Group’s market value is about $365 billion. This is more than Rs. 30 trillion. Meanwhile, this is higher than the GDP of Pakistan. The reports of the International Monetary Fund (IMF), said that the GDP of Pakistan is around $341 billion.
Tata Group’s worth and Pakistan’s GDP
TCS is a major company in the Tata Group. However, it is worth nearly Rs 15 trillion ($170 billion). According to IMF reports, TCS alone is worth half of Pakistan’s economy. Besides these, all the other Tata Group companies have helped the group grow in value.
Among them, Tata Motors and Trent have been the biggest contributors. In just one year, Tata Motors have gone up their shares by 110%. Trent’s have gone up by a huge 200%. Among them, are other stocks like Tata Technologies, TRF, Benaras Hotels, and Tata Investment Corporation. Tata Motors, Automobile Corporation of Goa, and Artson Engineering also performed very well.
Tata Group’s Booming Market Value
At least 25 companies of Tata Group listed on the stock exchanges. According to data from ACE Equity, Tata Chemicals, has seen its value drop by five percent in a year. The Tata Group includes many more companies. These include:
- Tata Sons.
- Tata Capital.
- Tata Play.
- Tata Advanced Systems.
- Air India.
Tata Capital:
If we consider these businesses too, the total value of the Tata Group would be higher. For example, Tata Capital’s value will be more than Rs 2.7 trillion next year during its initial public offering (IPO). Furthermore, the stock exchange has not listed these companies.
Comparison with Pakistan’s Economic Challenges
The economy of Pakistan is having a hard time right now. However, he is facing the worst economic crisis ever after having some problems in the fiscal year 2023. Pakistan owes about 125 billion dollars. Which he took from other countries and organizations.
Pakistan needs $25 billion by July to pay its dues. Also, their $3 billion program with the IMF (International Monetary Fund) is ending soon. This means that things will now become even harder. Pakistan has foreign exchange reserves of only 8 billion dollars. This means that Pakistan can only afford to buy things from other countries for about two months.
