India's mergers and acquisitions activity is projected to remain strong through 2026, following a significant rebound in 2025. Domestic consolidation reached $104 billion, the highest in two years, while outbound deals hit $22 billion, a decade high. Financial services, technology, and healthcare are expected to lead, with broader sector participation anticipated. Inbound deals are shifting to a value-driven model, with lenders from East Asia and the Middle East investing in Indian banks.