India's family businesses set to play bigger role in wealth creation as new-generation entrepreneurs rise: Hurun India
New Delhi, Aug. 11 -- India's family-owned enterprises are poised to remain a key engine of wealth creation, employment and economic growth, with a new generation of entrepreneurs increasingly joining the ranks of the country's most valuable businesses, according to a report by Barclays Private Clients Hurun India.
The report highlighted a broadening of India's wealth-creation base, with first-generation businesses gaining prominence alongside established family enterprises. The newly introduced list of 100 first-generation family businesses is valued at Rs 77.8 lakh crore, equivalent to nearly 62 per cent of the value of the top 100 established family businesses.
The combined value of the 300 most valuable family businesses stood at US...
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