This news brought to light the poor state of Pakistan’s economy on the one hand, and the huge market value and financial prosperity of the Tata Group on the other. According to a recent report, Tata Group’s market value has surpassed Pakistan’s GDP or Gross Domestic Product. In the recent past several companies of this group have been growing in popularity due to excellent returns in the stock market. On the other hand, Pakistan is struggling with inflation by increasing its debt burden.
According to the report, the total market capitalization of the Tata Group is around $365 billion or over Rs 30 lakh crore. Which is much more than the GDP of Pakistan. According to the IMF or the International Monetary Fund, Pakistan’s economy stood at 341 billion dollars after the storm. According to recent reports, TCS alone has a market value of $170 billion, roughly Rs 15 lakh crore in Indian currency. According to the IMF, TCS alone accounts for half of Pakistan’s debt-ridden economy.
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Tata Motors is one of the claimants of Tata’s glittering glory. Which companies are showing huge amount of profits every year. It is known that the dividend is increasing every new year. Share price of Tata Motors has increased by 110 percent in the last one year. Also showing steady gains were Tata Technologies, TRF, Banaras Hotels, Tata Investment Corporation, Automobile Corporation of Goa and Artson Engineering. 25 Tata group companies are listed on the stock market. Among these, only one company, Tata Chemicals, fell by five percent.
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On the other hand, Pakistan has been in an unprecedented financial crisis since the beginning of 2023. The debt burden on the head of Islamabad is 25 billion dollars. Pakistan government has to take loans to repay the debt like a fairy tale. Many countries, including China, have to reach out. On the other hand, the economy of neighboring country India has reached 3.7 trillion. Which is 11 times more than the economy of Pakistan.
