Private equity (PE) and venture capital (VC) investments in India witnessed a marginal decline of 1% year-on-year, amounting to $13.5 billion in the March 2024 quarter, according to a report by EY and IVCA. However, this figure represented a notable 41% increase compared to the preceding December quarter. Despite the slight decline in overall investment value, the number of deals surged by 33%, reaching 292 transactions in January-March 2024. Vivek Soni, a partner at EY, highlighted that market activity might remain range-bound until clarity emerges on election results and geopolitical conflicts ease.