India’s Services exports for the first time achieve the targeted $ 250 Billion during April-March 2021-22, exhibiting a positive growth of 21.31 per cent over the fiscal 2020-21
India’s overall exports (Merchandise and Services) touch an all-time high of USD 669.65 Billion in April-March 2021-22, jumping by 34.50 per cent over the same period last year
“Services sector achieved the all-time high despite Services like Tourism, Aviation and Hospitality industry being severely affected due to the Covid-19 pandemic”: Shri Piyush Goyal
India’s exports grow by 15.51 per cent in March 2022 to USD 64.75 Billion over same period last year
M&A activity worldwide has seen a year-on-year rise due to a myriad of factors, including, relaxed regulatory scrutiny, reduced operating costs, and beneficial tax regimes. The disruption caused by the pandemic led to a rise in protectionist measures in several jurisdictions, including India (see our update here), which combined with rising inflation, increased taxes and disruptions in existing supply chain models posed a significant economic threat globally. However, the liquidity unleashed by central banks globally in the last couple of years has resulted in stock markets rising to unprecedented highs, and M&A and investment activity smashing all previous records last year in terms of value and volume of deals.
This update highlights the key trends from 2021, analyzes the factors impacting deal-making activity, and summarizes our outlook for M&A in 2022.