Bigger India
Worried About China? Multinationals Now Favor India
M&A flows into India are set to exceed those into China this year for the first time in decades
Global consumer brands have long been infatuated with Chinese consumers. Now it is India’s shoppers they are after.
It has been a blockbuster year for Indian deals: More foreign money is now pouring into the south Asian nation than into China. Overseas companies have spent $38 billion acquiring Indian assets so far this year, compared with $32 billion in China according to Dealogic data. That overturns a long-term trend—the value of inbound mergers and acquisitions in China had outstripped that in India since at least 2000.