Healthcare emerged as the second-largest sector for private credit investments in India by deployment, accounting for 13 per cent of total deal value in H1 2026. Domestic funds accounted for 74 per cent of deal value and nearly 79 per cent of deal count, according to EY Private Credit Report H1 2026.
The overall Indian private credit market recorded investments of USD 3.5 billion across more than 100 transactions above USD 10 million during the first half of 2026. This remained broadly in line with the USD 3.4 billion recorded in H2 2025. Private credit activity continued to see backing from refinancing, holding company funding, and acquisition financing despite global macroeconomic uncertainty.
