India is the fastest-growing G20 economy with 7 per cent growth driven by domestic demand, according to a report by Grant Thornton Bharat's Annual Dealtracker 2024’.
Domestic consolidation drove growth, with 479 deals amounting to $23.5 billion, a 64 per cent increase in values, led by Indian conglomerates such as Adani Group, Aditya Birla Group and Nazara Technologies.
“As we look ahead to 2025, we are optimistic about the prospects for continued robust deal activity, fuelled by government reforms, a stable economy, and a thriving tech ecosystem, making India an attractive destination for investors despite global uncertainties,” said Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.
Last year also registered a 26% growth of high-value deals worth $2 billion.
Outbound M&A, on the other hand, also grew quite promisingly with $16.9 billion deals.
On the other hand, private equity also reflected good growth, reporting 1,298 deals valued at USD 31 billion.
However, M&A has hit a record high with deals worth $44.1 billion, marking 75% year-over-year YoY value.
IPO witnessed a record this year with as many as 86 listings and whooping USD 21 billion.
