New Delhi, May 9 -- India's private equity and venture capital deal activity is likely to remain subdued in 2024 compared to the record levels seen in 2021 and early 2022, according to a new report by Bain & Company and the Indian Venture Capital Association (IVCA).
The report, titled India Private Equity Report 2024, cites global macroeconomic factors like sluggish GDP growth, elevated interest rates, and geopolitical tensions as reasons for the expected cautious capital deployment by PE-VC firms this year.
However, India's robust economic fundamentals, including projected 6.5 per cent GDP growth in 2024 and policy support from the government, provide a positive outlook.
The country is expected to attract higher capital allocatio...