Top 500 private cos' valuation bigger than GDP

THE top 500 private sector companies are bigger than the national GDP commanding a cumulative value of ₹324 lakh crore or $3.8 trillion in 2024, while the economy was only $3.5 trillion in 2023, as per a calculation by a private agency.

- BEN KOCHUVEEDAN @ Mumbai

According to Hurun India's most valuable private sector companies' list for 2024 released on Tuesday, these 500 companies' value grew 40% over 2023 to $3.8 trillion and their valuation is not just bigger than our national GDP but is also bigger than the combined GDP values of the UAE, Indonesia, and Spain.

The report said the qualification threshold for the list was ₹9,580 crore, which is a 43% increase from the 2023 threshold of ₹6,700 crore. For the first time, all the companies in the 2024 list are worth at least $1 billion despite a steeply depreciated rupee.