Indian Entrepreneurship and the Challenges to India’s Growth
Ivey Business Journal
The joint family structure, an Indian phenomenon, has powered the success of many Indian businesses. But that success has, in turn, been enabled by economic liberalization in India. This article considers the survivability of Indian family businesses in the global environment, and explains how India’s economic success depends on the continuation of reforms and the containment of risks that could derail growth — terrorism, political corruption, and growth that focuses only on the urban rich.
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