NEW DELHI, Nov. 5 -- MERGERS and acquisitions (M&A) deals worth more than $52 billion in 2019 despite a slump in the global economy, said a report by Baker McKenzie.
"Despite the global headwinds, India M&A is expected to remain stable in the next few years, with private investments reviving against the backdrop of a more favourable business environment," it said.
The firm's fifth annual Global Transactions Forecast, jointly released with Oxford Economics, predicts India's GDP will grow by close to 7 per cent through 2019-2022, ahead of the global GDP average growth rate of 2.8 per cent for the same period.
In IPOs, total proceeds (which will be predominantly from domestic IPOs) is forecasted to dip from $3.4 billion in 2019 to $2.7 bill...