Tata Group Mcap: Tata Group alone is a heavy burden on entire Pakistan and left behind Pakistan's economy – tata group alone is a heavy burden on entire Pakistan and left behind Pakistan's economy

The market cap of Tata Group (Tata Group Mcap) can be bigger than the entire economy of Pakistan. Many companies of well-known groups of the country have given huge returns in one year.

The market capitalization or market cap of the Tata Group was $365 billion while the IMF estimated Pakistan's GDP to be around $341 billion.

Furthermore, the size of Tata Consultancy Services, India's second largest company, accounts for almost half of Pakistan's economy. TCS has a market cap of $170 billion.

How is the performance of Tata Group companies?

Tata Group's market cap has surged as a result of returns in Tata Motors and Trent and the rally seen in Titan, TCS and Tata Power over the past year. The wealth of at least 8 Tata companies has more than 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. Apart from this, Tata Capital, which is scheduled to launch its IPO by next year, has a market cap of Rs 2.7 lakh crore.

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The condition of Pakistan's economy is critical

Pakistan's GDP grew at a record rate of 6.1 percent in FY 2021-22 and 5.8 percent in FY 2020-21, while Pakistan's economy is projected to be in decline in FY 2022-23.

Floods in Pakistan have caused huge damage totaling billions of dollars. Apart from this, the country has foreign debts and liabilities of up to $125 billion and Pakistan is trying to meet foreign debt payments of $25 billion starting from July.

Its $3 billion program from the International Monetary Fund (IMF) is also ending in March while its foreign exchange reserves stand at $8 billion.

First Published – February 19, 2024 | 12:18 PM IST

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