“While the deal record coincides with the peak in COVID-19 cases in the country, it also reflects the importance of the time period between the first wave and second wave, which witnessed several fiscal and economic incentives and created opportunity. While the second wave of the pandemic is threatening to delay the current pace of economic recovery, the current level of economic activities does not seem to have suffered significantly from the localized lockdowns yet. However, the way global economies deal with new variants of the virus in the coming months is likely to pose uncertainty around deal activity with overseas investors.”
- Prashant Mehra, Partner, Grant Thornton Bharat
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