In the global M&A (merger and acquisition) arena, India appears at the penultimate place, as per a recent ranking by Bloomberg. New Zealand comes last, in terms of number and volume (dollar value) of deals, between 2006 and 2005. Its M&A volume growth is almost minus 50 per cent.

What is important in the data of `regional breakdown by target region/ country' is that with a 175 per cent volume change, India's M&A growth is blazing enough to take the country to the third slot, next only to France and Hong Kong, each of which have achieved more than 200 per cent growth.

Latin America and Canada are at distant fourth and fifth places, with 108 and 106 per cent increase, respectively. Volume changes range between 89 per cent and 9 per cent for Central Asia, Western Europe, China, Australia, UK, North America, Eastern Europe and the US. Germany saw less than 10 per cent change in volume.