The mergers and acquisitions (M&A) activity by India Inc seems to be running out of steam. According to a study, M&A deals have declined by nearly 60% in the first half of 2008 compared to the same period last year. Experts say if global financial conditions continue to remain under pressure, M&A activity will take a back seat. According to a study by Grant Thorton, there were 335 M&A deals worth 43.97 billion dollars in first half of 2007. This year the value of M&A deals have declined to 17.4 billion dollars. Experts say it's lack of easy financing, that's creating a hindrance. Harish HV, Partner, Grant Thornton said, “We had seen some mega deals last year, which were missing this year. We are buffeted by a global financial crisis this year. If it continues the way it is going now, we will see some more slowdown. Making deals at the end of the day requires the market to be vibrant and capital to be raised in an efficient way.   more »