Private equity investments in the January-March period of this year totalled to $2.8 billion in value terms across 130 deals, registering 15 per cent jump over last year, says a report.
According to the PwC MoneyTree India report, a quarterly study of private equity investment activity based on data provided by Venture Intelligence, PE deal value in the first quarter of this year surged by 15 per cent over last year when 144 deals worth $2.42 billion were announced.
On a quarter-on-quarter basis, however, the deal value declined 37 per cent as the October to December 2014 quarter saw $4.39 billion through 117 deals.
“Recent IMF and World Bank projections that the Indian economy will grow faster than China this year, and in the next few years, is expected to boost investor sentiment and should result in higher allocations for India,” PwC India Private Equity leader Sanjeev Krishan said.