THESE Indian companies have higher market value than South Asia’s GDP

The market cap of Mukesh Ambani’s Reliance Industries alone is higher than the GDP of Sri Lanka, Nepal, Maldives & Bhutan.

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The Indian economy continues to grow at breakneck speeds, which has been appreciated by the global banking agencies from the World Bank to the IMF. According to the World Economic Forum report of 2024, the top 10 companies of India has been working wonders for the Indian Economy. According to the report, the Market Cap of these companies is more than the GDP of six south Asian countries!

 

The 6 south Asian countries are Pakistan, Nepal, Sri Lanka, Maldives, Bangladesh and Bhutan. The total Market Cap of the top 10 companies of India, the top names of which include Reliance Industries, Tata Consultancy Services (TCS), HDFC bank, Infosys and LIC among others came up to be $1.084 trillion (with exchange rate of Rs. 83). In the same vein, the annual GDP of South Asia was calculated to be $912 billion.

 

Even more surprisingly, the market cap of Mukesh Ambani’s Reliance Industries, which is India’s most valuable company is Rs. 19.90 lakh crores. This is more than the GDP of Sri Lanka, Nepal, Maldives and Bhutan. Alongside this, the aggregate market cap of India’s top 5 companies, $716 billion, is almost equal to two of the biggest economies in South Asia, Pakistan and Bangladesh.

 

IMF’s GDP estimates:

The International Monetary Fund has also revealed the GDP estimate of these six countries in the World Economic Forum 2023 report. It says that Bangladesh's 2023 GDP is estimated to be $446 billion. At the same time, the economy of Pakistan, which is facing the biggest economic crisis in its history, is estimated at $340.63 billion. Talking about other South Asian countries, Sri Lanka's estimate for 2023 is not available, but according to 2022, it was $74.84 billion. Apart from this, the size of Nepal's economy has been estimated at $41.339 billion, that of Maldives at $6.97 billion and that of Bhutan at $2.68 billion.

Here is a list of top 10 companies in India and their Market Cap (in INR lakhs crores):  

  1. Reliance Industries: 19.90
  2. TATA Consultancy Services: 14.91
  3. HDFC Bank: 10.55
  4. ICICI Bank: 7.08
  5. Infosys: 6.92
  6. LIC India: 6.31
  7. State Bank of India (SBI): 6.30
  8. Bharti Airtel: 6.25
  9. Hindustan Unilever: 5.63
  10. ITC: 5.05

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