Corporate mergers and acquisitions in India have declined sharply this year after a record-breaking 2018, as the country's slowing economy and election uncertainties weigh on risk sentiment for business leaders.
With less than two months to go, it is almost certain that India will experience the weakest year in a decade in terms of total number of announced deals. Only 459 deals have been made public so far this year, according to Dealogic figures, which is less than half the 996 deals struck in 2013, which itself is the second-lowest annual number amassed in the past 10 years.
Business leaders also seem more hesitant to close deals,...
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