Indiawas among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent. According to a report byKotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022.

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Indias outperformance comes on the back of a sharper decline in ECM activity in major markets such as theUnited Kingdom,AustraliaandDEFENCE/”>Japan. ECM activity

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globally took a hit on account of heightened volatility amid rising interest rates.