Why family empires dominate business in India
Their grip on the economy may be starting to weaken—slowly
For many years the hottest event in Indian capitalism was the annual general meeting of Reliance Industries. Thousands of attendees, from rickshaw drivers to day labourers, would pile into the Cooperage Football Stadium in Mumbai for a glimpse of Dhirubhai Ambani, the company’s charismatic founder.
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This article appeared in the Business section of the print edition under the headline “The ties that bind”
Business September 14th 2024
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- European firms are smaller and less profitable than American ones
- Why family empires dominate business in India
- Physical proximity has big effects in the workplace
From the September 14th 2024 edition
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