Budget 2024 fuels up Amrit Kaal’s M&A spirits

The specific provisions of the budget, coupled with global economic conditions, will determine the direction and pace of M&A deals in the coming year. This article merges the broad strokes of the Budget 2024, offering a holistic view of the potential impacts on India’s M&A activity. It underscores the budget’s role as a pivotal element in shaping the economic narrative. It sets the stage for an anticipated resurgence in M&A activity bolstered by strategic investments and policy reforms.

India’s mergers and acquisitions (“M&A”) activity took a nosedive in 2023. As per the data collected by Bloomberg, while 2022 was record-breaking and the deal value had reached $192 billion in India, it plunged by 63 per cent in 2023 to $70.9 billion.

Please click here to read the full article by Sidharrth Shankar, published in The Statesman.