In a striking reflection of the economic imbalance between India and Pakistan, a single Indian tech behemoth, Infosys, holds more value than the top 476 publicly listed companies in Pakistan combined. While the two nations have recently stepped back from the edge of conflict, the economic disparity remains glaringly intact.
As tensions simmer beneath a temporary ceasefire, India’s economic prowess continues to shine. With a GDP nearing $4 trillion, India dwarfs Pakistan’s $350 billion economy—and this contrast is even more visible in the financial markets.
The total market capitalization of the 476 most significant companies on the Pakistan Stock Exchange (PSX) translates to ₹5.66 lakh crore, using a conversion of 1 Pakistani rupee to 30 Indian paise. In comparison, Infosys alone is valued at ₹6.26 lakh crore, while Hindustan Unilever follows close behind at ₹5.48 lakh crore.
Even Pakistan’s leading benchmark, the KSE-100 index, stands modestly at ₹3.31 lakh crore, falling short of India’s UltraTech Cement which is valued at ₹3.34 lakh crore. The PSX may have seen a slight bounce recently amid hopes for an IMF rescue, but the fundamentals remain fragile. A market dip of just 10% would bring its value to Titan Company’s level; a 20% fall would bring it down to the size of Power Grid Corporation.
The gap deepens when multinational corporations are compared. The six leading foreign-owned companies in Pakistan, including Nestlé, GSK, and Colgate-Palmolive, together are valued at just ₹36,660 crore. In India, their counterparts command a combined worth of over ₹14.8 lakh crore. Hindustan Unilever and Nestlé India alone surpass the total valuation of Pakistan’s top MNCs.
Even the biggest company on PSX, Oil and Gas Development Company (OGDC), has a market cap of ₹23,812 crore—just 1.28 percent of Reliance Industries. In fact, this figure is lower than Indraprastha Gas or NLC India, players considered mid-sized in India’s energy sector.
A final comparison lies in the exchanges themselves. BSE India boasts a market capitalisation of ₹88,969 crore. PSX? Just ₹527 crore, symbolising a market still nascent in investor participation and institutional reach.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
