News Snapshot:
[Apple] Inc’s market capitalisation of $3 trillion, a mark it achieved on Monday, is higher than the GDP of all but four countries – the US, China, [Japan] and Germany. To put the figure in perspective, India’s estimated GDP of Rs 197 lakh crore in 2020-21 translates to under $2.7 trillion at the current exchange rate. The landmark represents a trebling of the tech giant’s valuation in a little over three years, having crossed the trillion-dollar mark in August 2018. It breached the $2 trillion level two years later in August 2020. Valuations and GDP are of course not really...
