Outbound activity also gathered momentum, jumping to $22 billion -- the highest level in a decade -- led by overseas purchases by companies such as Bankers expect the momentum to carry forward. “We see sustained strength in M&A activity in 2026, supported by healthy corporate balance sheets and increasing confidence among promoters,” said S Sundareswaran, head of M&A for India at Morgan Stanley.While sectors such as financial services, technology and healthcare have historically dominated deal flow, the co ...