Is it an example of 'achhe din' for India?Tata Consultancy Services (TCS)! It is an IT giant. This Indian company has crossed an important milestone. On last Monday, TCS crossed the figure of $100 billion market capitalization. Incidentally, the market capitalization figure of TCS equals the GDP of as many as 128 countries the world over. It is bigger than the total market capitalization of all the stocks listed on Pakistan Stock Exchange and also almost one-third of India's total budget expenditure for the financial year 2018-19. Indian IT giant TCS is now one of the top 63 companies in the world.
Many financial and stock market experts have expressed great pleasure over the success story of TCS, especially during the last five years. Now the question is: Can we interpret the success of TCS during the crunch in IT sector as an example of 'achhe din' for India?
What is your opinion?