India saw $25 billion in private capital-backed exits in 2023 and $11.5 billion in the first half of 2024, according to new data from the Global Private Capital Association.

Why it matters: While the rest of the world — including the U.S. — has been struggling with a dearth of exits, deal value in India increased by 46% and deal count by 51%, year-over-year.

The big picture: The Indian exit boom is thanks to a few factors, namely favorable macro conditions and investor-friendly government policies, GPCA says. Plus, the rise of retail investors has boosted the public markets, Indian corporate acquirers have been active, asset managers have adopted continuation funds, and the rupee has been stable. Read more.