Posted 2/20/2024, 12:30:34 PM
Tata Soars Past Pakistan's GDP as Group's Market Cap Hits $365 Billion
- Tata Group's market cap reaches $365 billion, surpassing Pakistan's GDP of $341 billion
- Tata Consultancy Services makes up half of group's market cap at $170 billion, equal to half of Pakistan's GDP
- At least 8 Tata companies have more than doubled in value in the past year
- Pakistan faces economic crisis with $8 billion reserves, covering 2 months of imports
- Pakistan has debt-to-GDP ratio over 70%, with 50-60% of revenues going to interest payments
