Tata Group is now bigger in size than Pakistan's entire economy

The report highlighted how listed companies of the salt-to-software conglomerate have given stellar returns in one year on the stock market, adding that their combined value is now more than the entire economy of Pakistan, which continues to struggle with high levels of debt and inflation.

Tata bigger than Pakistan

The market capitalisation of Tata Group stood at $365 billion while IMF estimated Pakistan's GDP to be almost $341 billion. Separately Tata Consultancy Services, the IT wing of the giant group, which is valued at $170 billion is roughly half the size of Pakistan's economy.

Tata companies performances

Tata Group companies have contributed to the increase in the conglomerate’s total market value, the biggest contribution has come in the form of multibagger returns in Tata Motors and Trent. Apart from this, at least 8 Tata companies, have more than doubled wealth in the last one year.

Tata Motors shares have surged 110 per cent in just a year, while Trent has gained a whopping 200 per cent. This is in addition to the healthy performance of stocks such as Tata Technologies, TRF, Beneras Hotels, Tata Investment Corporation, Tata Motors, Automobile Corporation of Goa, and Artson Engineering. Additionally, Tata Capital, which has to bring out its IPO by next year, has a market value of ₹2.7 lakh crore.

Pakistan Struggles

Floods, political tussles caused heavy damage totalling billions of dollars in the country which is sitting on external debt and liabilities up to $125 billion as it tries to meet $25 billion of external debt payments starting July. Its $3 billion programme from the International Monetary Fund (IMF) is also ending in March while its foreign exchange reserves stand at $8 billion.