The Tata Group’s market worth has now exceeded the entire economy of Pakistan, with several companies within the conglomerate delivering substantial returns over the past year. The market value of the Tata Group currently stands at $365 billion, surpassing the International Monetary Fund’s (IMF) estimation of Pakistan’s GDP at nearly $341 billion. Notably, Tata Consultancy Services (TCS), India’s second-largest company valued at $170 billion, accounts for approximately half of Pakistan’s economy.
The remarkable performance of Tata Motors, Trent, Titan, TCS, and Tata Power in the last year has contributed to the surge in the Tata Group’s market capitalisation. Eight Tata companies have witnessed a doubling of wealth during this period, including TRF, Trent, Benaras Hotels, Tata Investment Corporation, Tata Motors, Automobile Corporation of Goa, and Artson Engineering. Additionally, Tata Capital, slated to launch its IPO next year, commands a market value of ₹2.7 lakh crore.
Meanwhile, Pakistan’s economy continues to face challenges. While the GDP recorded growth rates of 6.1% in FY22 and 5.8% in FY21, it is estimated to have contracted in FY23. The country has been grappling with the aftermath of floods, resulting in significant damage amounting to billions of dollars. Additionally, Pakistan is burdened with external debt and liabilities totaling $125 billion, as it endeavors to fulfill $25 billion of external debt payments beginning July. Moreover, its $3 billion program with the IMF is concluding in March, while foreign exchange reserves stand at $8 billion.
