The Top 10 Biggest Companies in India
When India hosted the 13th BRICS summit in September 2021, it was the sixth-largest economy in the world with a GDP of $3.05 trillion.
That’s more than double the GDP it had when the country first joined the group of emerging economies in 2009 (alongside Brazil, Russia, China and later South Africa), at $1.3 trillion.
What are the major industries and companies driving this growth in GDP, and rising alongside it? This time we’re highlighting the top 10 biggest companies in India, the world’s most populous democracy.
What Are the Biggest Public Companies in India?
India’s growth to one of the world’s most powerful economies came extremely quickly, considering it only became a federal republic in 1950.
In 1951, the country was considered relatively impoverished compared to the Western world, with 361 million people, a per-capita income of just $64, and a literacy rate of 17%. By 2021, the population had surged to 1.2 billion, income rose to $1,498, and literacy climbed to 74%.
And most of that growth was fueled internally, as the Indian government was largely protectionist until the 1990s. Today, its free market policies and wide cultural reach help bolster the country’s massive industrial, agricultural, and telecommunications industries.
Here are India’s biggest public companies by market capitalization in October 2021:
|Top 10 Indian Companies||Category||Market Cap (USD)|
|Reliance Industries||Oil and Gas||$230.7B|
|Tata Group||Information Technology||$186.7B|
|Infosys||Information Technology||(Read more...)|