Private credit investments were broadly similar to the second half of 2025 levels of $3.4 billion, with refinancing, holding-company funding and acquisition financing serving as key drivers of activity. "The growing share of domestic capital is one of the most significant developments in India's private credit market," Vishal Bansal, partner, debt and special situations, EY India, said.

Private credit deployments saw a sharp 61 percent drop in early 2026. This decline occurred amid a volatile macro economic environment and shifting fund dynamics. Domestic funds…

Private credit investments were broadly similar to the second half of 2025 levels of $3.4 billion, with refinancing, holding-company funding and acquisition financing serving as…