Leading the Journey Towards Happiness and Prosperity, in Families and their Businesses
Family businesses have always played a critical role in the economy and the society, in countries across the world. In India, historically they have played an important role and also led the transformation of the economy since 1991 when economic liberalization was launched systematically. Evolution of standalone family firms as a powerhouse, beyond the family business groups, has added further relevance to this ownership group. The overall trend is similar across other emerging nations and is likely to continue.
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