安永&IVCA：2026年印度私募股权与风投趋势报告（英文版）

The year 2025 was a true testament to the resilience and maturity of the Indian PE/VC landscape. Investor sentiment was shaped by a confluence of global and domestic factors, including India’s key political developments, the implications of the US election outcome in November 2024, persistent geopolitical tensions, and the volatility in tariff policies under the Trump administration. These were compounded by measures from the central bank in India to manage inflation and interest rates, as we