Private equity investments in India surged to $10.9 billion in the first nine months of 2024, a 38.9 percent increase compared to the previous year, according to a report by LSEG, a global financial markets infrastructure and data provider.
India accounted for 28 percent of the Asia Pacific region’s total equity investment during this period, a significant rise from its 16 percent share last year.
Key sectors driving this growth include healthcare, technology, and consumer services. Elaine Tan, Senior Manager at LSEG Deals Intelligence, highlighted growing consumption, digital transformation, and infrastructure development as major factors attracting investor interest. She noted that India’s strong startup ecosystem and resilient IPO market, even amid global economic challenges, further enhance its position in the private equity landscape.
Additionally, the report suggests that the global trend of monetary easing could provide a boost to private equity investments, as financial sponsors gain access to cheaper funding, enabling them to deploy capital more effectively.
India’s equity capital markets also reached a record $49.2 billion from January to September 2024, reflecting a 115 percent year-on-year growth. The number of equity market offerings rose by 61 percent. IPOs from Indian issuers raised $9.2 billion, nearly doubling from last year, marking the highest total since 2021. With a strong pipeline of IPOs expected, including Swiggy, Hyundai Motors, and LG Electronics, this upward trend in the market is poised to continue.
