The end of the Indian summer

Rapid economic growth, booming stock markets and an increasingly confident corporate sector looking for expansion have fuelled private equity activity. And while markets seemed to be going in just one direction, everyone did well. But even as PE firms unanimously declare their commitment to the Indian market, a cautious note is creeping in. The global slowdown and recent stock market volatility has taken the shine off deals, and many predict that the party is over, at least for now.