Mumbai, March 31 -- The number of Indian companies with a market capitalisation of over Rs 1 lakh crore has surged 40 times over last 24 years. This reflects the country's strong economic growth and market expansion, according to a report by the National Stock Exchange (NSE).

The report highlighted that the number of companies with a market cap of over Rs 1 lakh crore increased significantly between FY02 and FY24, with their share of the total market capitalisation of NSE-listed companies rising from nearly 18 per cent to over 60 per cent.

This growth is attributed to India's strong economic fundamentals, implementation of crucial reforms, surplus global liquidity after the 2008 financial crisis, and a steadily expanding investor base....