Succession: Kin of Indian family business owners not keen on taking reins, shows survey
Published on: May 20, 2025, 10:06 p.m. | Source: The Indian Express
HSBC said this trend highlights a shift in the traditional approach to succession planning, even as family-owned businesses continue to play a pivotal role in India’s economy, contributing approximately 79 per cent of the country’s gross domestic product (GDP) — one of the highest ratios globally.
