India's deal activity in Q2 2025 dropped by 48% due to global headwinds, particularly impacting mergers and acquisitions.
M&A deals were at a record low of 197 worth $5.4 billion, with only one billion-dollar transaction, down from four in the previous quarter.
Private equity fared better with 357 deals totaling $7.4 billion, showcasing resilience despite a decrease from the previous quarter.
The banking and financial services sector dominated deal values, while retail and consumer led in volumes, and public market activity, including 12 IPOs, showed signs of recovery in June.