India breaks all records, touches whopping $72.4 billion in mergers and acquisitions in 2016

The Indian economy hit a new high last year in 2016 and saw a paradigm shift since the last decade and as per data, the country is on a robust growth trajectory.
Today, the Indian economy brags about steady annual growth rate, booming capital markets, and rising foreign exchange reserves.

The year 2016 saw many companies merging with one another and big fish eating the smaller ones.

A report by Thomson Reuters on Mergers and Acquisition (M&As) highlighted that India achieved an untouched high of $72.4 billion in M&As in 2016, up 97.1% compared to 2015. This is the highest-ever annual period for overall Indian announced M&A as far as deal value is concerned, outperforming the annual record set in 2007 ($67.0 billion).

Here are a few highlights of the report