Private Equity (PE) investments declined to 32 percent in October-December 2012 quarter, according to PricewaterhouseCoopers (PwC) survey.

The PwC report shows 1.01 billion U.S. dollars invested by PE companies in India during 2012 4^th quarter, down 32 percent from 2011 4^th quarter.

PE firms are benefiting from the investments seen in mid-tier companies and the growth of online services in the country. This has also boosted the potential of such companies to gain strong revenues.

The online services section has been considered as the 2^nd highest level of investment in terms of volume deals for the quarter, gaining more interest from PE firms.