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Two-Thirds Of India’s Listed Companies With A Market Capitalization Of More Than $50 Million Are Family-Run.

By       -   November 17th, 2015

Family businesses are the lifeline of any economy. It is estimated that globally family businesses contribute around 70 percent – 90 percent of the global GDP.

 

India is no exception. Family forms an integral part of Indian culture and businesses. Indians have generally preferred taking the risk of being self-employed rather than taking the safer path of employment with corporate organizations/ professional firms.

 

This is evident from the fact that more than half of India’s workforce is self-employed. Family-run businesses account for more than 85 percent of businesses in India.

 

Furthermore, 67 percent of total listed companies with a market capitalization exceeding more than US $50 million each accounts for family businesses in India.

 

 

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