According to a report by Grant Thornton Bharat, deal activity in India declined slightly to $13.369 billion across 302 transactions in the July-September period. This is compared to $13.394 billion across 345 transactions in the preceding quarter. The report also states that the first nine months of 2022 saw a 68% decline in deal value and a 39% decline in volume compared to the same period in 2021. However, the report predicts a positive outlook for the near future due to pro-growth policies, reduced inflation, and increased infrastructure spending. Cross-border deals saw a significant increase, reaching $4.336 billion in the September quarter. Start-ups, e-commerce, and IT sectors were the main drivers of deal volumes.
