Is India's Deal Ecosystem Resilient with $133 Billion in Transactions, Up 21%?
Synopsis
Key Takeaways
- 2,658 transactions totaling $133 billion in 2025
- 21% year-on-year growth in deal volumes
- Mergers and acquisitions peaked with 963 transactions
- Private equity and venture capital saw 1,506 deals valued at $36.8 billion
- Strong sectors include manufacturing, banking, and pharmaceuticals
New Delhi, Jan 21 (NationPress) India’s deal landscape achieved a remarkable 2,658 transactions totaling $133 billion in 2025, showcasing a 21% increase in transaction volumes and a 13% rise in values compared to the previous year, according to a report released on Wednesday.
The analysis by Grant Thornton Bharat highlighted the resilience and robustness of India’s deal ecosystem, even amidst a volatile global market.
The country has seen a steady influx of capital, fueled by strong economic performance and a growing sense of confidence among investors.
This year also marked the resurgence of significant strategic deals alongside vibrant mid-market and private equity activities, solidifying India's status as a long-term investment haven, the report indicated.
Mergers and acquisitions reached unprecedented levels, with 963 transactions valued at $60.2 billion, propelled by 14 major deals exceeding $1 billion, which accounted for 57% of the total annual M&A value.
“The deal landscape in 2025 signifies a pivotal moment for India, where scale, strategy, and selectivity have aligned. The revival of billion-dollar M&A transactions, record domestic consolidation, and value-driven inbound investments reflect a growing confidence in India as a strategic market for the long term,” stated Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat.
Additionally, consistent private equity and venture capital deployment, coupled with a record-setting IPO market, underscores the depth and maturity of India’s capital ecosystem, Vijetha noted.
Looking ahead, she anticipates that future deal activity will be driven by policy continuity, sectoral transformation, and disciplined capital allocation in 2026.
Private equity and venture capital transactions comprised 1,506 deals valued at $36.8 billion, reflecting a 16% increase in volume and a 15% rise in value, including six billion-dollar deals and 72 transactions exceeding $100 million, as per the report.
Sector-wise, the manufacturing sector led in volume, while the banking and financial services sector emerged as the largest contributor in terms of value, supported by consolidation and strategic stake sales. Sectors backed by favorable policies such as energy, pharmaceuticals, healthcare, and infrastructure also demonstrated significant growth.