Tata Group Market Cap Soars Past Pakistan GDP, Highlighting Economic Contrasts
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Tata Group's market capitalization of $365B is now bigger than Pakistan's entire GDP of $341B.
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TCS, valued at $170B, is half the size of Pakistan's economy on its own.
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At least 8 Tata companies have doubled in value in the past year, leading to the rise in market cap.
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Pakistan's GDP grew just 6.1% in 2022 after contracting in 2021, and floods have caused billions in damage.
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Pakistan faces $25B in external debt payments starting in July with only $8B in foreign reserves.