In a remarkable display of India’s economic prowess, the combined market capitalization of the country’s top companies has surpassed the Gross Domestic Products (GDPs) of several neighbouring nations, including Pakistan, Bangladesh, Nepal, Sri Lanka, Bhutan, and Maldives.
Corporate Giants Shine: India’s 10 most-valued stocks, including Reliance Industries Ltd (RIL), Tata Consultancy Services Ltd (TCS), HDFC Bank Ltd, and Infosys Ltd, collectively reached a staggering worth of nearly $1.1 trillion (Rs 89,97,849 crore). This valuation, at an exchange rate of Rs 83 ($1 billion: Rs 8,300 crore), outpaced the combined annual GDPs of India’s South Asian counterparts.
Reliance Industries Leads the Pack: Reliance Industries Limited (RIL), hailed as one of India’s most valuable companies, boasts a market capitalization exceeding $269 billion, surpassing the GDPs of Peru, Maldives, and Bhutan.
Tata Dominance: The Tata Group, with a total market capitalization exceeding $365 billion, outpaces Pakistan’s estimated GDP and even exceeds the GDPs of Finland, Greece, and Qatar.
TCS: A Global Force: Tata Consultancy Services (TCS), a flagship company under the Tata umbrella, stands out with a market capitalization of nearly Rs 17 lakh crore or $177 billion, equivalent to half the size of Pakistan’s GDP. Additionally, it surpasses the GDP of countries such as Ukraine, Maldives, and Nepal, according to IMF estimates.
Banking Titans Surpass Nations:
- HDFC Bank Limited, with a market capitalization surpassing $132 billion, outstrips the GDPs of the Dominican Republic, Myanmar, and Nepal.
- ICICI Bank, boasting a market capitalization exceeding $88 billion, surpasses the GDPs of Costa Rica, Myanmar, and Sri Lanka.
Infosys’ Global Impact: Infosys Limited, the second-largest Indian IT company, commands a market capitalization exceeding $83 billion, exceeding the GDPs of Panama, Croatia, and Azerbaijan.
Regional Economic Dominance: This financial dominance underscores the significant contribution of Indian corporations to the regional economic landscape, positioning them as key players in the global economic arena.
