Deal activity in India Inc slows to $40.7 billion due to Covid wave: PwC

Deal activity in India during the first half of 2021 amounted to USD 40.7 billion across 710 deals, including both private equity (PE) and strategic acquisitions (M & A), according to a report by consulting major PricewaterhouseCoopers (PwC).

A second wave of infections resulted in lockdowns across states, thereby hampering ongoing deal activities, it said in the report titled ‘Deals in India: Mid-year review and outlook for 2021 — resilience and recovery.’

However, various timely policy and credit measures announced by the government to revive the economy and make it more resilient, and a stable banking system, have resulted in the growth of positive sentiments within the investor community.