Chapter

Role of Family Business in Indian Economy

Kshama V. Kaushik and Kaushik Dutta

in India Means Business

Published in print February 2012 | ISBN: 9780198072614
Published online September 2012 | e-ISBN: 9780199081592 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198072614.003.0003
Role of Family Business in Indian Economy

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This chapter highlights the economic contributions of Indian family businesses. It explains how before the onset of modern business entities, the operating structure of Indian business was almost exclusively that of a family enterprise and that the history of many older business families is closely linked to the nationalist or independence movement or as a reaction to British economic policies. It discusses the ability of Indian family businesses to adjust to the prevalent political dispensation and its impact on the business environment. It also describes the evolution of family businesses in India into giant global corporations and the growth of their influence over the economic well-being of the nation.

Keywords: Indian family businesses; economic contributions; independence movement; British economic policies; global corporations; political dispensation

Chapter.  12139 words. 

Subjects: Economic History

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