there should be no bigger companies at all .few people have 900 bn and 900mn people have not 1 dollar per day .
These companies do businesses, generate jobs for people directly and indirectly, generate a lot of taxes for the governments and create economic activity.
That being said it is because of these businesses why countries get rich, the more companies get created and the more employment they create, the more people come out of poverty and more taxes go to government to spend on healthcare and education through which human development happens.
These are assets, the thread is for market capitalisation.
Where is Adani group here ?
Adani isn't one of India's biggest business groups.
TS you are a retard.. How are you comparing companies in a 7 times smaller market with the largest in the world? Now before you jump the gun try to understand what I mean by market? India has nearly 1.5 billion population making them the largest market in the world hence comparing them to a 200m+ market is retardation.
All tho India is higher on the poverty index in the world it still has largest market by virtue of sheer population
Well that should reflect in difference as well right? Your biggest company is barely a billion dollar one.
And India is not the largest market in the world, population doesn't really have an impact. Individual states in India have comparable GDP sizes with respect to pak.
It will take 100 years precisely for India to get out of poverty as per estimations but not the same case for Pakistan and I don't care what propaganda indian tier hyperbolic fools write this is a ground reality fact
It will depend on how poverty is defined.
There’s no point in denying the truth.
The Bombay stock exchange has a market capitalization of US$3.5 trillion.
The Karachi stock exchange has a market cap of US$27 billion.
So Bombay SE is 129 times the size while India’s population is 6 times that if Pakistan.
Out of 75 years of independence for the first 50-60 years Pakistan used to be ahead of India in per capita income. Indians who visited Karachi were flabbergasted to see the wealth.
Karachi was systematically and deliberately destroyed by the generals and politicians. The economy has never been of much interest to these looters. All they’ve ever done is loot Pakistan and beg from foreign countries.
There are many unlisted companies in India and Pakistan, and unlisted companies of Pakistan are bigger than Indian ones in revenue if not shear numbers like those property giants and fauji foundation.
Thre is a continuous decline, in 2020 the market cap was close to 85 billion USD. The exchange rate(dollar-rupee) fluctuation and the actual decline was the resulting factors.
What is the market cap of PSX in USD?
As of January 2022, there are about 375 companies listed on the PSX with a total market capitalisation of PKR 7,756 billion (US$52 billion).
In march it was $22 billion.
Is that why aharami Kaffirs of India then work in Islamic Countries across the sea ?
Isnt that allowed in Hunduism tio go beyond seas and that too In Muslamman land to earn their Halal Money ?
Depends, most of the people working in gulf usually are from Kerala due to communism ruining job creation, similar to most Indians in Canada being Punjabis due to socialism ruining job creation.
That said,
there are some other fundamental issue to cope with here.
a. India had a head start, by miles. At the time of independence the center of gravity when
it comes to industry, was India. Present day Pakistan was a mostly lawless ungoverned area.
b. India as opposed to Pakistan, didn't have to participate in conflict at USA's behest.
Thus they could invest in the right places.
c. India as opposed to Pakistan, didn't have dictators installed by CIA.
But Pakistan had higher GDP per capita than India till 2007, India had much worse situations to deal with.
