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Ratan Tata : Ratan Naval Tata, the respected Chairman Emeritus of the Tata Group and a veteran of Indian industry, died on Wednesday at Mumbai's Breach Candy Hospital. He was 86 years old and led the Tata Group for more than two decades. During his leadership, the Tata Group grew tremendously and took the group to great heights, engaging in sectors ranging from salt to software. Ratan Tata is also credited with increasing the presence of the Tata Group at the global level. This made the value of the Tata Group more than the GDP of Pakistan.
Valuation more than Pakistan's GDP
A fact has come to light regarding the Tata Group. On the basis of strong growth, the valuation of the Tata Group has crossed the market capital of $400 billion. This valuation is more than Pakistan's estimated GDP of $347 billion by the end of 2024, which is a big deal not only for the Tata Group but also for the corporate segment of India.
History dates back to 1868 and there are more than 100 companies
Founded in 1868, the Tata Group is one of India’s oldest and most diversified groups, comprising over 100 companies that operate across multiple sectors, including tech, steel, automotive, and energy.
As of 20 August 2024, the group's market valuation was ₹33.7 trillion (approximately $403 billion), making it the first Indian group to achieve this figure.
Condition of Pakistan's GDP
The comparison between the valuation of Tata Group and Pakistan's GDP is shocking. According to a report by Trading Economics, Pakistan's GDP is estimated to reach $347.17 billion by the end of 2024.
Meanwhile, the IMF projects a modest 2.0% real GDP growth for Pakistan, with the investment-to-GDP ratio projected to decline from 14.13% in 2023 to 13.14% in 2024.
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