Sector-wise, traditional sectors took the lead, drawing significant investments in the changing deal-making scenario. The media and entertainment sector topped the charts in terms of value, while the retail and consumer sectors continue to lead in terms of deal volume.
Japan overtook China as the biggest private equity market in Asia-Pacific last year, becoming the only country to see an increase in deal activity, according to Bain & Company.
In 2023, M&A deals in India decreased by 10% and total deal value declined by 38%. However, India s appeal to international investors remained strong, with solid economic fundamentals and an anticipated upswing in 2024.