India sees 53% drop in M&A deals in first half

The sharp drop in deals came despite India not being directly involved in the US-China trade war, a Mergermarket report said

53% – year-on-year decline in M&A deals reported by India during Jan-Jun period

$6 bn – Arcelor Mittal’s takeover of Essar Steel was third-largest deal in APAC

$1.80 tn – deal in value terms registered globally, a drop of 11% y-o-y

$241 bn – M&A deals in APAC, lowest in first half in value terms since 2013

The first quarter M&A activity was hampered by cautious approach ahead of general elections, while deal-making failed to gain momentum in the second quarter as well owing to a slowdown in gross domestic product (GDP) growth and domestic consumption,” 
— The report said