1、2023 India M&A ReportMarch 2023Building Durable Advantage in Uncertain Times22023 India M&A ReportBoston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities.BCG was the pioneer in business strategy when it

2、was founded in 1963.Today,we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholdersempowering organizations to grow,build sustainable competitive advantage,and drive positive societal impact.Our diverse,global teams bring deep industry and functional ex

3、pertise and a range of perspectives that question the status quo and spark change.BCG delivers solutions through leading-edge management consulting,technology and design,and corporate and digital ventures.We work in a uniquely collaborative model across the firm and throughout all levels of the clie

4、nt organization,fueled by the goal of helping our clients thrive and enabling them to make the world a better place.AuthorsKanchan SamtaniAkshay KohliDhruv ShahAshish BaidManaging Director and Senior Partner,APAC Head-Transactions and Integrations Practice,BCG MumbaiManaging Director and Partner,Ind

5、ia Head-Corporate Finance and Strategy Practice,BCG MumbaiPartner,Core Member-Principal Investors and Private Equity Practice,BCG MumbaiKnowledge Expert,Core Member-Transactions and Integrations Practice,BCG Bengaluru42023 India M&A ReportExecutive summary(I/II)After the global spike in mergers and

6、acquisitions(M&A)activity during the COVID-19 pandemic in 2021 when companies invested for long-term advantage,2022 saw a reversion to pre-COVID levels globally.India,however,was an exception and showed continued M&A acceleration through 2022.Though global macroeconomic factors,such as rising intere