Fewer Indian heirs want to join family businesses: HSBC report

Fewer Indian heirs want to join family businesses: HSBC report

Only 7% of Indian business heirs feel obligated to join the family business, an HSBC report reveals. Influenced by global exposure and new aspirations, many prefer personal growth and startups over legacy roles. This shift challenges traditional succession planning and highlights the need for strategic adaptation, professional governance, and flexible family business models in India.

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