INDIA’S TATA GROUP BECOMES BIGGER THAN PAKISTAN’S GDP | PAKISTANI PUBLIC ANGRY REACTION |TATA VS PAK
(In this video we make pakistani public reaction on tata group of companies According to latest figures, the salt-to-software conglomerate has hit an impressive market capitsalization of over $365 billion or Rs 30.3 lakh crore while Pakistan's GDP is estimated at around $341 billion, according to IMF estimates. However, according to World Bank's estimates, Pakistan's GDP is at roughly $376 billion, just marginally higher than Tata Group's combined market value. Meanwhile, Pakistan has been grappling with economic issues for the last few years amid rising debt, declining forex reserves and prolonged political instabilty.
Since 2011, Pakistan's external debt has nearly doubled, while its domestic debt has increased sixfold.
A recent report from Islamabad-based think tank Tabadlab described Pakistan's debt situation as a "raging fire" and far more critical than the International Monetary Fund's (IMF) assessment of being "borderline" manageable.
Last year, IMF approved a much-needed $3 billion bailout for Pakistan)
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