Private markets — where capital is raised and invested outside the stock and bond markets — have staged a feat of sorts in India over the past decade, surging on tailwinds such as growing wealth, shifting investor preferences and supportive policies, which are expected to sustain growth for years to come.
Private market investments almost quadrupled to ₹4.68 trillion in 2024 from ₹1.26 trillion in 2015 and had hit a peak of ₹ 5.67 trillion in 2021 amid the heightened risk aversion during the pandemic.
And despite external headwinds such as US tariffs, deal values in the first nine months

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