India has 3rd Highest Number of Family-Owned Businesses: Report

India has 108 publicly-listed family-owned businesses, third highest in the world, while China tops the tally with 167 such companies followed by the US which has 121, according to the Credit Suisse report.

As per the Credit Suisse Research Institute’s (CSRI) latest “CS Family 1000” report, with an average market capitalisation of USD 6.5 billion, India ranks 5th in Asia Pacific excluding Japan, and 22nd globally, in terms of average m-cap.
The top 5 countries in terms of number of family-owned companies include-
1. China
2. USA
3. India
4. France
5. Hong Kong
Important Takeaways from Above News for RRB PO Mains Exam-
  • Average market capitalisation of family-owned companies is greatest in Spain (USD 30 billion), the Netherlands (USD 30 billion) and Japan (USD 24 billion).
Source- The Economic Times