India ranks 3rd globally in family-owned businesses: Report
India ranks third globally in terms of number of family-owned businesses with 111 companies having a total market capitalisation of $839 billion, according to a Credit Suisse report. India followed China (159 companies) and the US (121 companies). Indian family-owned companies generated 13.9% annual average share price return since 2006, compared to 6% by non-family owned peers.