New Delhi, Dec. 22 -- The Private Equity (PE) investment in India has been relatively soft in 2025 primarily been driven by concerns about US tariff policies and other geopolitical issue, said a KPMG report on Monday.

In a report titled Pulse of private equity Q3'25 KPMG, a quarterly analysis of global private equity activity, KPMG said as of the end of Q3 of 2025, PE investment in India was just $14.9 billion across 217 deals, compared to $26.3 billion across 289 deals during all of 2024.

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

"Despite experiencing some softness in its PE market at present, India continues to be viewed as a very a...