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No let-up in India’s private market boom as investors continue to shun China

Robust economic growth underpins optimism; private equity deal value jumps 88% in the first half, with Temasek, Abu Dhabi Investment Authority and EQT scouting for investments

Wong Chia Peck
Published Thu, Jul 17, 2025 · 08:03 PM
    • India's positive economic growth trajectory, together with its large working population, will sustain the heightened activity in private markets, industry experts say.
    • India's positive economic growth trajectory, together with its large working population, will sustain the heightened activity in private markets, industry experts say. PHOTO: AFP

    [SINGAPORE] A surge in the value of private equity (PE) deals signed in India in the first half of this year, coupled with the inking of the country’s biggest private credit transaction, are adding fuel to a hot private market.

    With investors still keeping away from China, traditionally the largest Asian private market, the strong growth in India, in contrast, has been drawing the likes of Temasek, BlackRock and EQT to their hunt for deals.

    LSEG’s data provided to The Business Times shows the value of PE or buy-side sponsor-backed mergers and acquisitions in India soared to US$11.7 billion in the first six months of this year. This was up 88 per cent from the same period in 2024, although the number of deals fell 25 per cent over the same timeframe, to 224.

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