For more updates follow Grant Thornton Bharat WhatsApp channel
The impact of the global economic slowdown is also being felt in the deal activity in India, as it has been subdued since the beginning of the year as compared to 2022. In July 2023, deal-making in India experienced a decline of 46% in deal volumes compared to July 2022. However, there was a significant 58% rise in overall deal values, primarily fueled by big-ticket transactions mainly witnessed from cross-border deals. The drop in overall deal volumes in July 2023 can largely be attributed to a significant decrease in private equity investments. The tech-dominated sectors, such as start-ups, e-commerce and IT continued to drive deal volumes. India's attractiveness as a destination for deal-making and investments is expected to persist and H2 2023 is likely to witness improvement in deal activity, despite global macroeconomic conditions.
