US vs China vs India: America wants to be in the $100 billion club! What is India-China’s strong plan to compete with superpowers?

• When it comes to the rich nation, America is number one
• Market Capitalization more than 100 billion dollars
• What is the position of China-India in this list?

$100 Billion Club: When it comes to the largest wealthiest nation, America is number one. Considered to be the largest economy in the world. 115 companies there are also included in the ‘100 billion dollar club’. To be more precise, the market capitalization of 115 companies listed on the US S&P index is more than 100 billion dollars. In 2020 i.e. during the Kovid-19 pandemic, this number was only 42; But during the financial crisis of 2008, this number dropped to just 8. Thus, over the last 18 years, the number of US companies with a market capitalization of more than $100 billion has grown exponentially. Among these companies, technology sector companies have the highest share. But while this is the case, what other plans are China and India going to make to challenge these superpowers”text-align: justify;”> Kerala CM Networth: 1 Crore Gold… ₹73 Lakh Deposit, How Much Wealth Does Kerala’s New Chief Minister Have?

Market Capitalization more than 100 billion dollars

In the US, the technology sector is at the forefront, with 31 companies in this sector having a market capitalization of more than $100 billion. It is followed by the financial sector, with 19 companies in the $100 billion club. Industrial and healthcare sectors also feature prominently on the list; 16 companies each from these two sectors have made it to the list. Before the 2008 financial crisis, there were only 20 US companies with a market capitalization of more than $100 billion; However, in 2008, this number had dropped to just 8.

America in the top 10

With a market capitalization of $5.457 trillion, ‘Nvidia’ ranks as the most valuable company in both the US and the world. It is followed by Alphabet ($4.765 trillion), Apple ($4.409 trillion), Microsoft ($3.134 trillion) and Amazon ($2.841 trillion). Eight of these top 10 companies are from the US. Only Taiwan-based chip-maker TSMC ($2.097 trillion) and Saudi Aramco ($1.585 trillion) made the list.

What is the dominance of China?

115 US companies have a market capitalization of more than $100 billion.
During the financial crisis of 2008, this number dropped to only 8.
In this ‘club’ of 100 billion dollars, the Tech Sector has the highest share, and 31 companies in this sector are included in it.
19 companies in the financial sector and 16 companies in the industrial sector are involved in this.
Among the top 100 companies in the world, 11 companies are from China, while 1 company is from India.

Location of India and China

57 of the 100 most valuable companies in the world are in the US. The list includes 11 companies from China, the world’s second-largest economy; While India has got only one place, it is represented by ‘Reliance Industries’. Mukesh Ambani’s company is ranked 97th globally with a market capitalization of $188.47 billion. But apart from Reliance, the ‘$100 billion club’ also includes HDFC Bank and Bharti Airtel.

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