Indian companies have surpassed their Chinese counterparts in making cross border mergers and acquisitions with 126 per cent annual growth, while Asia Pacific region registered 36 per cent rise in overseas M&As, says a report.

So far this year, India has recorded 126 per cent jump in the amount spent on M&A deals outside Asia Pacific region, compared to previous year’s figure. However, China posted a 82 per cent growth during the period.

“China and India are second and third most acquisitive nations, with $17.3 billion and $16.1 billion respectively spent on cross region outbound merger and acquisitions,” according to global financial data provider Dealogic.