New Delhi, Dec. 21 -- Private equity (PE) investment activity in India slowed in 2025, reflecting broader global uncertainty linked to geopolitical developments and evolving trade policies, according to KPMG's Pulse of Private Equity Q3'25 report.

As of the end of the third quarter of 2025, PE investments in India amounted to USD 14.9 billion across 217 deals, compared with USD 26.3 billion across 289 deals recorded in full-year 2024. KPMG noted that if the pace of activity observed through Q3 continues, 2025 could become the weakest year for private equity investment in India since 2019.

"Should current trends continue, 2025 could be the slowest year for PE investment since 2019 and the slowest for deal volume since 2020," the report r...