New Delhi
India’s deal volume has surged by 11.9% in the January-October period of 2024, defying the overall trend in the Asia-Pacific (APAC) region, which saw a decline in activity, according to a report on Sunday.
In contrast, China experienced a significant drop of 22.9% in deal volume year-on-year (YoY) during the same period. Across the APAC region, a total of 11,808 deals—comprising mergers and acquisitions (M&As), private equity, and venture financing—were announced in 2024, marking a 4.8% decline compared to 12,406 deals in 2023.
While private equity and venture financing deals fell by 16.3% and 10%, respectively, the volume of M&A deals saw a slight YoY improvement. Despite a general decline in deal-making across the region, APAC showed relatively better performance, with the drop being mostly in the single digits, whereas other global regions faced larger, double-digit declines.
The increase in India’s deal activity has helped offset some of the decline seen in other APAC countries, like Singapore, Malaysia, Hong Kong, and Indonesia, where deal volumes dropped by 17.6%, 14.4%, 13.9%, and 33%, respectively.
India’s strong performance in M&A activity is further reflected in a separate report by Boston Consulting Group (BCG), which showed a 66% surge in deal value for the first nine months of 2024, outperforming the global average of 10% growth and the 5% decline in the APAC region. Key sectors driving this growth include technology, media, industrials, and healthcare, all capitalizing on the “Make in India” initiative.
