Did India Experience a 21% Surge in Deal Volumes in the First Half of 2025?
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Synopsis
India's deal landscape has demonstrated impressive growth in 2025, with a 21% increase in deal volumes and a 9% rise in values. This report showcases the resilience of the market amidst economic fluctuations, highlighting significant investments in key sectors.
Key Takeaways
- 21% increase in deal volumes in H1 CY25
- 9% growth in announced deal values
- 23% rise in M&A activity
- 20% surge in private equity investments
- 50% increase in outbound transactions
New Delhi, July 28 (NationPress) India’s deal environment kicked off strongly this year, with both mergers and acquisitions, along with private equity activities, gaining traction in the first half (H1 CY25). This performance exceeded that of the same timeframe in 2024, according to a report released on Monday.
The overall deal volumes saw a remarkable increase of 21 percent, while announced deal values grew by 9 percent in the initial six months compared to H1 CY24, indicating sustained investor confidence and strategic corporate maneuvers despite a turbulent second quarter, as per PwC India’s latest findings.
M&A activity experienced a 23 percent rise in H1 CY25 compared to H1 CY24, primarily fueled by a surge of transactions in the first quarter of 2025 (Q1 CY25). However, a more cautious atmosphere was noted in Q2 CY25 as companies reassessed their strategies.
The report highlighted that domestic M&A transactions escalated by 25 percent, while cross-border M&A rose by 18 percent. Outbound transactions skyrocketed by 50 percent, showcasing the increasing appetite of Indian corporations for global expansion.
Furthermore, private equity investments surged by 20 percent, reflecting resilience in the sector and ongoing momentum and confidence in India’s growth narrative.
“Despite a decline in market activity this quarter, investor confidence in private equity remains robust, demonstrating resilience and adaptability in the face of economic challenges and opportunities,” stated Shashank Jain, Partner and Leader-Deals at PwC India.
Funds are adopting a long-term perspective, with heightened interest in sectors such as healthcare, renewables, and technology, paving the way for a diversified deal pipeline in the future, he added.
The report indicated that the retail and consumer sectors led deal volumes with consolidation through startup acquisitions, while financial services took the lead in deal value.
Technology, pharma, healthcare, and real estate displayed targeted investment strategies rooted in sustainability and innovation.
Moreover, healthcare and pharma sectors benefited from expansion and consolidation initiatives, while real estate momentum persisted, backed by favorable policies and increased interest in data centers and warehouses, as stated in the report.
Point of View
I believe that the report underscores India's robust economic potential. The growth in deal volumes and values reflects a resilient market ready to seize opportunities, fostering investor confidence and strategic initiatives in various sectors.
NationPress
31/07/2025
Frequently Asked Questions
What was the percentage increase in deal volumes in India for H1 CY25?
India saw a remarkable 21% increase in deal volumes during the first half of 2025 compared to the same period in 2024.
Which sectors are attracting private equity investments in India?
Investors are showing increased interest in sectors such as healthcare, renewables, and technology, highlighting a diversified deal pipeline.
How did cross-border M&A transactions perform in H1 CY25?
Cross-border M&A transactions grew by 18% in the first half of 2025, demonstrating Indian corporates' appetite for international expansion.
What factors contributed to the rise in domestic M&A transactions?
Domestic M&A transactions increased by 25% in H1 CY25, driven by a surge of activity in the first quarter before a more cautious approach in the second quarter.
What trends are evident in the Indian deal landscape?
The Indian deal landscape shows trends of consolidation through startup acquisitions, increased investments in technology, healthcare, and real estate, and a focus on sustainability and innovation.
