The January-October period saw an 11.9 per cent increase in transaction volume (year-on-year) in India, a departure from the overall trend in the Asia-Pacific region, says a new report . On the other hand, China saw a 22.9 percent year-on-year decline in transaction volume during the period, according to GlobalData, a leading data and analytics company. A total of 11,808 deals (M&A, private equity and venture financing) were announced in the Asia-Pacific (APAC) region between January and October 2024, a year-on-year decline of 4.8 percent, while during In the same period of 2023, 12,406 agreements were announced. The analysis showed that the number of private equity and venture financing deals decreased by 16.3 percent and 10 percent respectively between January and October.
Meanwhile, M&A deal volume improved marginally year-on-year during the period under review. According to Aurojyoti Bose, principal analyst at GlobalData, the decline in transaction activity in Asia Pacific was in line with the global trend, which saw a decline in transaction volumes across all regions. However, the Asia Pacific region fared relatively better and only experienced single-digit declines, while most other regions experienced double-digit declines, Bose said. “This can be attributed to improvement in deal activity in some Asia Pacific countries such as India,” the report said.
It has also been said that this has helped reduce the impact of the decline in other countries in the region. Meanwhile, transaction volumes in Singapore, Malaysia, Hong Kong and Indonesia saw drops of 17.6 percent, 14.4 percent, 13.9 percent and 33 percent respectively during the period under review. According to another report in October, M&A activity in India grew 66 percent in the first nine months of this year, compared to a 10 percent increase globally and a 5 percent increase in the region. Asia and the Pacific in general. M&A activity in India will remain strong in 2024, bucking the trend in other Asia-Pacific markets, according to a global report by Boston Consulting Group (BCG). Dhruv Shah, CEO and Partner at BCG, said: “This highlights India’s unique resilience and attractiveness. “Sectors such as technology, media, industrial and healthcare have been the key drivers of large deals leveraging the ‘Make in India’ initiative.”
