The deal scene started on a tepid note for the month of January with deals being primarily impacted by inactivity in domestic M&A and a drastic fall in large transactions. Infact, Grant Thornton's deal tracker also expects deal transactions to be tepid for the entire year on account of political uncertainties and global economic conditions. CNBC-TV18 spoke to Pankaj Chopda, director at Grant Thornton to discuss the M&A activity.