One compelling illustration of India’s domestic story comes in the M&A market. The landmark deals of the moment are no longer mainly cross-border, Indian companies reaching out to acquire scale or technology overseas; instead they are mainly India buying India, helped by a powerful private-capital pool at home.
“Most Indian corporates have realized that India itself is a big opportunity,” says Ravi Kapoor, head of global banking India at Citi, who now expects only selective outbound M&A.
Thanks for your interest in Euromoney!
To unlock this article:
