The private equity sector has seen robust growth in 2017 with average deal size doubling in the year although deal volume declined. Overall deal volume fell by 22% to 570 deals in 2017 from 726 in the previous year, even as the average deal size surged to $42.8 million from $21.2 million. India received a record $24.4 billion in private equity (PE) investments in 2017, 26% more than the previous highest $19.3 billion recorded in 2015. Investors’ confidence in India’s growth trajectory remained evident and could be owed to a number of macroeconomic triggers including the Insolvency and Bankruptcy Code (IBC), dismantling of the Foreign Investment Promotion Board (FIPB) and the introduction of the goods and services tax (GST).

(Live Mint)