M&As to pick up substantially as economy grows, says Moelis India CEO

India probably is the only market in the world where despite valuations being sticky and high, valuations haven't corrected as much, said Girotra

MANISHA GIROTRA, chief executive officer (CEO) of the merger and acquisition (M&A) advisory firm Moelis India, has been closely following the Indian investment banking space for over 30 years. Previously, she served as CEO and country head of UBS India and as head of North India for Barclays Bank. She began her investment banking career at ANZ Grindlays in London. In an interview with Dev Chatterjee, Girotra discusses how the Indian economy is experiencing an unprecedented boom, attracting foreign investors in droves. Edited excerpts:

The M&As in the first half of the current calendar year have significantly slowed down compared