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Family offices can accelerate revival trajectories of family businesses – Here’s how
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financialexpress.comFamily businesses and family-owned enterprises in India form a core component of the Indian economy and have played a key role in ensuring its sustainable growth trajectory over the years. Micro and Small Medium Enterprises (MSMEs), which form a major constituent of family-owned businesses, have been the growth engines of the Indian economy and have contributed immensely to the country’s socioeconomic development. Characterized by a highly centralized and rigid decision-making structure, ownership and management are often inextricable in such entities.
The outbreak of the COVID-19 pandemic and consequent nationwide lockdowns had a debilitating impact on the financial health of small and mid-level businesses in the country. Faced with the
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