Image Credit: shortpedia

70% of India's GDP is contributed by the Family businesses: Farhad Forbes

Nabanita Dutta

News Editor

Farhad Forbes, co-chairman of Pune-based Forbes Marshall and the current chairman of the Family Business Network International has said that family businesses contribute 70% of the GDP of most developing nations and in case of India, it could even be more than that because there is nearly every small enterprise is family-run. He also said that most family businesses in India and abroad are not listed.