Dealmakers in India should expect another strong year for M&As: JPMorgan

Dealmakers in India should expect another strong year for mergers and acquisitions as geopolitical tensions could propel companies to diversify into the South Asian nation, according to JPMorgan Chase & Co.
 

India sealed its busiest M&A year ever with about $191 billion worth of transactions in 2022, bucking a global slump in deal activity, according to data compiled by Bloomberg. While it’s unlikely for the country to repeat such a high mark this year, there will be decent deal flow to keep the bankers busy, said Nitin Maheshwari, JPMorgan’s head of M&A for India.

“China has been a bit difficult