Downturn in the world economies notwithstanding, India is witnessing increasing number of private equity (PE)deals with the total value touching $6.39 billion so far this year. PE deals in the country have fared well since the beginning of this year despite global credit crunch, high oil prices, inflation among others. "The total number of PE deals during the first five months of 2008 stands at 170, with an announced value of $6.39 billion as against 159 deals amounting to $4.97 billion during the corresponding period in 2007," global consulting major Grant Thornton said. Meanwhile, another global deal tracking firm Zephyr said India is among the top 10 countries in terms of value of private equity deals across the world.   more »