Top Indian Companies vs Global Economies - You Won't Believe The Numbers!

India's Top 10 most-valued companies:  India, a fastest-growing economy, is set to become the world's third-largest economy by the end of the decade. It is home to some of the world's most valuable companies, whose market capitalisations are higher than the GDPs of many of its neighbouring and even some of the European countries.

In this article, we will compare the GDPs of neighbouring and some European countries with the market capitalisation of India's biggest companies. But before doing so, let's see the list of the top 10 companies in India by market valuation.

Bulgaria's GDP is worth half of the Reliance Market cap 

As per the International Monetary Fund (IMF), the value of the Gross Domestic Product of Bulgaria, a European nation, is 110.34 billion dollars, whereas RIL's current market cap is $242.13 billion (Data-companiesmarketcap.com), which means the Indian business behemoth is worth more than double of Bulgaria's GDP. 

As per the National Stock Exchange (NSE), the market capitalisation of RIL is INR 20,04,13,196.87 Lakh Crore. 

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HDFC Bank M-cap surpasses the combined GDP of Nepal, Afghanistan And Sri Lanka 

According to the IMF, Afghanistan had a GDP of 14.27 billion dollars in 2021, the GDP of Sri Lanka was 74.85 billion dollars in 2022, and the current GDP of Nepal is 45.46 billion dollars. The combined GDP of the three neighbouring nations is around 133 billion dollars. Whereas, HDFC Bank, India's biggest private sector bank, has a market cap of $136.97 billion (Data-companiesmarketcap.com). 

Bharati Airtel's m-cap is 10 times higher than Maldive's GDP

Maldives' current GDP is 7.5 billion dollars (IMF Data), which is 10 times smaller than the market cap of India's second-largest Telecom firm 'Bharati Airtel'. The market cap of Bharati Airtel is $80.90 billion (Data-companiesmarketcap.com)

SBI is bigger than Iceland's Economy

The market cap of SBI, India's largest public sector bank, is $82.54 billion (Data-companiesmarketcap.com), which is more than double the GDP of the European nation 'Iceland'. According To IMF Iceland's GDP is 34.15 Billion Dollars.

Reliance Group vs Tata Group

Mukesh Ambani-led Reliance Group and Tata Group are the biggest conglomerates in India. The fortunes of both the business houses are spread across the world. Among the twos, the Tata group has made an 'identity' of manufacturers of all kinds of products ranging from steel to salt. However, over the years Tata Group has spread its wings in services, FMCG, clothing, hotels, e-commerce and electronics as well.  Whereas, Reliance Industries has heavy operations in oil and gas refineries, Telecom, mining, television and broadcasting. In the last 15 years, it has spread its legs in diverse business portfolios and acquired a huge market share in sectors like FMCG, retail, e-commerce, Internet services and textile, to which they have a monopoly in many sectors as well.

Both of India’s business pioneers have 26 companies (Tata Group + Reliance Group)  listed on the stock market. RIL, Reliance Consumers, Network18 Media and TCS, Tata Motors, Tata Steels…etc. are among them. Below is a comparison of some of the listed companies of both the business behemoth. 

(The above data is taken from the NSE on 22-02-24)

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