- The Rupee has slumped by 20% and is Asia's worst performing currency over the past 12 months.
- Fierce competition for deals.
- Few willing sellers.
- A regulatory ban on leverage.
- A fickle market for exits through IPOs.
- Investment holding periods have lengthened.
- India's economy has weakened as growth has slowed.
- Public share prices have slumped.
Here's a link to the article:
http://in.reuters.com/article/2012/06/26/india-privateequity-idINL3E8HE62I20120626