Business · Companies · 29 mins ago
Indian firms’ overseas acquisitions reach $28.6 billion in 2026
Indian companies are pursuing more overseas acquisitions as they grow and seek to expand into new markets.
JPMorgan Chase’s co-heads of investment banking in India say stronger finances and greater confidence are helping firms take on larger deals.
Outbound deals totalled $28.6 billion across 147 transactions so far in 2026, compared with $26.8 billion across 194 deals in all of 2025.
Pharmaceuticals, industrials and technology services are among the sectors driving acquisitions abroad, often to gain manufacturing capacity or access to markets.
Companies are also consolidating in their core sectors, while larger businesses can use their scale and finances to pursue bigger targets.
Inbound deal value reached $21 billion across 182 transactions so far this year, and bankers say overseas companies remain interested in investing in India.
Manufacturing and financial services are key areas of inbound interest, as global firms look to make India part of their supply chains and assess options such as joint ventures, local listings and acquisitions.
Indian companies’ overseas acquisitions totaled $28.6 billion across 147 deals since the start of 2026, according to Dealogic data sourced by JPMorgan.
The value was up from $26.8 billion in 2025, although the number of deals fell from 194.
JPMorgan’s co-heads of India investment banking said stronger balance sheets and expansion plans are driving renewed interest in overseas acquisitions.
Pharmaceuticals, industrials and technology services are among the sectors driving outbound deals.
- Who
- Indian companies are pursuing overseas acquisitions.
- What
- Outbound mergers and acquisitions totaled $28.6 billion across 147 deals.
- When
- Since the beginning of 2026; the article was published on November 12, 2026.
- Where
- Overseas, across cross-border markets. Specific countries are not stated.
- Why
- Companies are pursuing growth, expansion and strategic consolidation, supported by stronger balance sheets and greater confidence in acquiring and integrating businesses.
This story does not have two clearly opposing sides.
Indian outbound M&A totaled $11.3 billion across about 152 deals.
Indian outbound M&A totaled $26.8 billion across 194 deals.
Indian outbound M&A totaled $28.6 billion across 147 deals.
- Outbound deal value in 2026
- $28.6 billion
- Outbound deal count in 2026
- 147 deals
- Outbound deal value in 2025
- $26.8 billion
- Outbound deal count in 2025
- 194 deals
- Outbound deal value in 2024
- $11.3 billion
- Outbound deal count in 2024
- About 152 deals
What people are saying
Indian companies are becoming larger and increasingly confident about pursuing acquisitions overseas. They have more confidence in their ability to acquire and integrate businesses, and this has resulted in the increasing share of outbound M&A (merger and acquisition) deals in the last year
Outbound acquisitions have largely been driven by sectors with a global manufacturing or market-access focus, including pharmaceuticals, industrials and technology services