According to Bloomberg, the biggest mergers-and-acquisitions boom in Indian history has investment bankers preparing for even more dealmaking to come.

Transactions involving Indian companies have reached $104.5 billion in 2018, trouncing the previous annual record with almost four months left in the year, according to data compiled by Bloomberg. The tally may surpass $100 billion again in 2019, said Sanjeev Krishan, a Gurgaon-based partner at PwC India who focuses on private equity and deals.