India M&A and PE/VC deal activity- Q1 2026
Policy tailwinds meet global headwinds
India’s dealmaking landscape in Q1 2026 presented a clear divergence strong transaction volumes but softer deal values. The quarter was supported by domestic policy momentum, particularly the Union Budget 2026, while global geopolitical tensions, especially in the Middle East, created uncertainty and led to more cautious capital deployment.
Overall, the market remains fundamentally strong, but investment behaviour has clearly shifted toward a more disciplined and value-focused cycle.
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