Forvis Mazars in India's latest report: India's M&A activity soars in Q1 2024 with 197 deals totalling US$9.4bn

Akhil Puri, Partner, Financial Advisory, Forvis Mazars in India, “Despite global challenges, India's M&A activity in Q1 2024 continued its upward trend, buoyed by macroeconomic stability and positive sentiments. The Interim Union Budget 2024 emphasised stability, fiscal consolidation, and growth initiatives. M&A surged to US$9.4bn, a 168% increase in deal value from Q1 2023, with domestic deals dominating at 72%. Key drivers include firms prioritising M&A for expansion and supply chain integration, especially in sectors like technology and renewable energy. India's appeal to foreign investors, strategic alliances, and FDI liberalisation are expected to sustain M&A growth in 2024.”