A plethora of growth drivers like advancements in technology and globalization, digital transformation, innovation, mergers and acquisitions (M&As), high cash flows, customer-centricity, agility and scalability of operations enable business expansion. While each of these are individually and collectively significant for bringing about the overall progress of an organization, M&As specifically, present several advantages. The Indian economy witnessed a bit of a turmoil due to the introduction of goods and services tax (GST) and demonetisation. As a result, many companies in India weren’t open to M&As, with most of them looking for inward or organic growth. Global appetite for M&As is projected to rise by 5%. Given that the quarter ended March 2018 was good, barring a few macro headwinds, both the Indian and global economy are on an uptake. Globalization in the time of trade wars and tariff barriers is another reason why business leaders in India are open to M&As – using it as a strategic step to make headway in newer markets.

(Live Mint)