India sees surge in deal activity at record $116 billion in 2024

India's deal-making scenery witnessed a landmark twelvemonth successful 2024, with a grounds 2,186 deals valued astatine $116 billion, marking a 33 per cent summation successful volumes and 76 per cent surge successful values (year-over-year), a study showed connected Tuesday.

Driven by India's presumption arsenic the fastest-growing G20 economy, with a 7 per cent maturation complaint driven by robust home demand, the country's deal-making enactment reached caller heights, defying planetary economical uncertainty, and demonstrating the resilience of its economy, according to the Grant Thornton Bharat 'Annual Dealtracker 2024'.

“As we look up to 2025, we are optimistic astir the prospects for continued robust woody activity, fuelled by authorities reforms, a unchangeable economy, and a thriving tech ecosystem, making India an charismatic destination for investors contempt planetary uncertainties,” said Shanthi Vijetha, Partner, Growth astatine Grant Thornton Bharat.

The mergers and acquisition scenery witnessed a record-breaking year, with 683 deals valued astatine $44.1 billion, marking a 37 per cent summation successful volumes and a 75 per cent surge successful values compared to the erstwhile year.

Domestic consolidation drove growth, with 479 deals amounting to $23.5 billion, a 64 per cent summation successful values, led by Indian conglomerates specified arsenic Adani Group, Aditya Birla Group and Nazara Technologies.

Outbound M&A besides witnessed important growth, with 121 deals valuing $16.9 billion, driven by 2 billion-dollar deals, according to the report.

The backstage equity scenery demonstrated resilience successful 2024, with 1,298 deals raising $31 billion, up from 1,046 deals valuing $27.4 cardinal successful 2023.

The twelvemonth witnessed a 26 per cent emergence successful high-value deals (estimated astatine and implicit $100 million) and 2 billion-dollar deals.

The archetypal nationalist offerings (IPO) enactment reached unprecedented heights successful 2024, defying planetary economical headwinds, with 86 listings raising a grounds $21 billion, much than triple the $6.2 cardinal raised successful 2023, said the report.