Tuesday , June 18 2024

Market value of Tata Group is more than the entire economy of Pakistan

Tata Group: Tata Group companies are increasing the wealth of investors. In one year, the market value of Tata Group has increased so much that it has overtaken the economy of Pakistan. According to the International Monetary Fund (IMF) report, Pakistan's economy is around $3.41 trillion, while the market value of Tata Group is around $3.65 trillion. The size of Tata Consultancy Services (TCS), a Tata company with a market value of Rs 15 lakh crore i.e. 1.70 thousand crore dollars, is equal to half the economy of Pakistan.

Unlisted companies of Tata group

If the airlines business of Tata Group's unlisted companies like Tata Sons, Tata Capital, Tata Play, Tata Advanced Systems, Air India and Vistara are counted, the market value of Tata Group will increase by an additional $1.60-1.70 trillion.

Pakistan's economy at low level

Pakistan is facing a serious economic crisis. Pakistan's gross domestic product (GDP) grew by 6.1 percent in FY 2022 and 5.8 percent in FY 2021, but now it has declined in FY 2023. Floods caused losses worth billions of dollars in Pakistan. Pakistan has a foreign debt of 1.25 trillion dollars. It has been trying to repay its $25 billion foreign debt since July and its $300 crore program from the IMF is also ending in March. Pakistan's foreign exchange reserves are approximately $800 million.

Status of Tata Group companies

As far as Tata group companies are concerned, most of the increase in company value came from Tata Motors and Trent. Apart from this, shares of TCS, Titan and Tata Power have also increased significantly in one year. Including the recently listed Tata Tech, eight Tata companies – Tata Tech, TRF, Trent, Banaras Hotels, Tata Investment Corporation, Tata Motors, Automobile Corporation of Goa and Artson Engineering – have doubled investors' money in a year.