Only 7% Indian heirs want to join family businesses: HSBC report
This is despite the optimism displayed by their predecessors, most of whom plan to pass on their businesses to family members, claims a recent report by the
HSBC
Global Private
Banking
. The study also explores the
succession
preparedness of family-owned businesses across India and Asia.
Most want to pass the baton to kin
Business
owners all over the world have different succession plans. While some prefer to sell their businesses, most entrepreneurs intend to pass it on to a family member.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Semua yang Perlu Anda Ketahui Tentang Limfoma
Limfoma
Pelajari
Undo
Inter-generational wealth transfer in India
Family-owned businesses in the country are taking a proactive approach towards transition of wealth and succession planning.
Financial advice, risk mitigation, wealth management are being integrated into this process.
Many businesses, established in the 1990s following economic liberalisation, have second-generation entrepreneurs educated abroad and raised in cosmopolitan settings.
Multi-generational family businesses accord a high value to extended family and kinship, with some thriving for over a century.
Entrepreneurs who are hesitant to seek support from older generations
7%
Indian heirs feel obligated to join the
family business
.
Live Events
83%
Next-gen Indians who felt confident about pursuing other interests when they first took over the family business.
$5.8tn
Inter-generational wealth transfer expected within Asia Pacific from 2023 to 2030, according to McKinsey, with ultra-high networth individuals (UNHIs) accounting for 60%.
Among Indian entrepreneurs...
~79%
is the contribution of familyowned businesses to India's GDP, one of the highest ratios globally.
334
Billionaires (US $) in India in 2024, up 29% year-on-year, as per Hurun data, of whom...
~70%
set to receive $1.5 trillion intergenerational wealth, which is more than one-third of India's GDP.
Source:
HSBC Global Private Banking 'Family-owned businesses in Asia: Harmony through succession planning 2025' report. The research was conducted by Ipsos UK on behalf of HSBC among 1,798 high net-worth business owners with at least $2 million investible assets. It was conducted online in mainland China, France, Hong Kong, India, Singapore, Switzerland, Taiwan, UAE, UK and the US.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
20 minutes ago
- Hans India
The Top 5 Most Active Commodities for Trading in India
India's dynamic commodity markets offer many opportunities for traders and investors, fueled by the nation's immense consumption, agricultural backbone, and burgeoning industrial sector. While the direct ownership of physical commodities can be impractical, financial instruments such as futures contracts and Contracts for Difference (CFDs) provide accessible avenues for speculating on price movements and gaining exposure to these vital markets. In India, commodity futures trading is predominantly facilitated by two major exchanges: the Multi Commodity Exchange (MCX) and the National Commodity & Derivatives Exchange (NCDEX). The MCX leads the non-agricultural segment to trade commodities, encompassing precious metals, industrial metals, and energy, while the NCDEX specializes in agricultural commodities. This article will explore India's five most actively traded commodities, exploring their market dynamics. 1. Gold: The Eternal Safe Haven and Cultural Cornerstone Gold holds a unique and revered position in the Indian psyche, extending far beyond mere investment to encompass deep cultural and traditional significance. It is an indispensable part of weddings and festivals, and a crucial generational asset. This deep-rooted domestic demand and its global status as a safe-haven asset firmly establish gold as one of India's most actively traded commodities. Market Dynamics and Price Influencers: Cultural and Festival Demand: Indian festivals and wedding seasons consistently drive significant gold demand, notably influencing local prices. Global Economic Conditions: During economic uncertainty, geopolitical tensions, or inflationary pressures, investors flock to gold as a store of value, pushing prices higher. Conversely, a strong global economy and rising interest rates (making fixed-income assets more appealing) can exert downward pressure. During economic uncertainty, geopolitical tensions, or inflationary pressures, investors flock to gold as a store of value, pushing prices higher. Conversely, a strong global economy and rising interest rates (making fixed-income assets more appealing) can exert downward pressure. Central Bank Monetary Policies: Interest rate decisions by major central banks (such as the US Federal Reserve) significantly impact gold prices. Higher interest rates increase the opportunity cost of holding non-yielding assets like gold. US Dollar Strength: Gold is predominantly priced in US dollars. A stronger dollar makes gold more expensive for holders of other currencies, potentially dampening demand and vice versa. Inflation Expectations: Gold is widely regarded as a hedge against inflation. When inflation rises, a currency's purchasing power declines, prompting investors to seek refuge in assets like gold, which tend to retain their value. Gold is widely regarded as a hedge against inflation. When inflation rises, a currency's purchasing power declines, prompting investors to seek refuge in assets like gold, which tend to retain their value. Supply and Demand Fundamentals: Global mining output, recycling activities, and demand from jewelry manufacturers and industrial applications all influence price discovery. Global mining output, recycling activities, and demand from jewelry manufacturers and industrial applications all influence price discovery. Appeal for Traders: Gold's consistent liquidity, sensitivity to global macroeconomic factors, and traditional safe-haven appeal make it a popular choice for short-term speculative trading and long-term hedging against economic instability. 2. Crude Oil: The Global Economy's Energy Powerhouse Crude oil, often dubbed "black gold," is the lifeblood of the global economy. As a primary energy source for transportation, industrial production, and electricity generation, its price fluctuations have far-reaching implications. As a major oil importer, India is particularly sensitive to global crude oil price movements, making it an extremely active commodity for trading. Market Dynamics and Price Influencers: Global Supply and Demand Balance: The fundamental principle of supply and demand dictates crude oil prices. Economic growth fuels demand, while production levels from major oil-producing nations (OPEC+, US shale producers, Russia) directly influence supply. The fundamental principle of supply and demand dictates crude oil prices. Economic growth fuels demand, while production levels from major oil-producing nations (OPEC+, US shale producers, Russia) directly influence supply. Geopolitical Tensions: Conflicts and instability in key oil-producing regions (e.g., the Middle East) can disrupt supply chains and trigger significant price spikes. Conflicts and instability in key oil-producing regions (e.g., the Middle East) can disrupt supply chains and trigger significant price spikes. OPEC Decisions: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) play a pivotal role in managing global oil supply through production quotas, directly impacting prices. The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) play a pivotal role in managing global oil supply through production quotas, directly impacting prices. Key Economic Indicators: Industrial production data, manufacturing output, and global GDP growth forecasts all impact the outlook for crude oil demand. Industrial production data, manufacturing output, and global GDP growth forecasts all impact the outlook for crude oil demand. Currency Exchange Rates: The INR to USD exchange rate is a crucial factor for India. A weaker rupee makes imported oil more expensive in terms of local currency. The INR to USD exchange rate is a crucial factor for India. A weaker rupee makes imported oil more expensive in terms of local currency. Technological Advancements: Developments in extraction methods (like fracking) can increase supply, while advancements in renewable energy sources can influence long-term demand trends. Trading Avenues in India: Appeal for Traders: Crude oil's high volatility and sensitivity to a wide array of global events provide ample opportunities for speculative traders. Its direct impact on inflation and economic growth makes it a crucial commodity for macro-focused traders. 3. Silver: The Dynamic Industrial Precious Metal While often in the shadow of gold, silver firmly holds its own as both a precious metal and an industrial commodity. Its dual nature makes its price dynamics fascinating and frequently more volatile than gold. In India, silver is extensively used in jewelry, silverware, and various industrial applications, making it a prominent commodity in the trading landscape. Market Dynamics and Price Influencers: Industrial Demand: A substantial portion of silver's demand originates from industrial applications, including electronics, solar panels, the automotive industry, and medical devices. This makes its price highly sensitive to global industrial growth and technological advancements. A substantial portion of silver's demand originates from industrial applications, including electronics, solar panels, the automotive industry, and medical devices. This makes its price highly sensitive to global industrial growth and technological advancements. Investment Demand: Like gold, silver also functions as a safe-haven asset, attracting investment during economic uncertainty and inflationary pressures. Like gold, silver also functions as a safe-haven asset, attracting investment during economic uncertainty and inflationary pressures. Correlation with Gold Prices: Silver often moves in tandem with gold, though typically with higher volatility due to its smaller market size and significant industrial demand component. Silver often moves in tandem with gold, though typically with higher volatility due to its smaller market size and significant industrial demand component. Mining Output: Most silver is produced as a byproduct of mining other metals (such as lead, zinc, copper, and gold), making its supply somewhat inelastic to direct silver price changes. Most silver is produced as a byproduct of mining other metals (such as lead, zinc, copper, and gold), making its supply somewhat inelastic to direct silver price changes. Currency Fluctuations: Similar to gold, a stronger US dollar can make silver more expensive for international buyers, potentially impacting demand. Similar to gold, a stronger US dollar can make silver more expensive for international buyers, potentially impacting demand. Appeal for Traders: Silver's compelling combination of industrial utility and precious metal status makes it an attractive asset. Its higher volatility than gold can lead to larger profit opportunities, albeit with increased risk. 4. Natural Gas: The Evolving Transition Fuel Natural gas is an increasingly vital global energy source for electricity generation, industrial processes, and residential heating. Its clean-burning properties position it as a key transition fuel in the worldwide shift towards renewable energy. In India, growing domestic consumption and increasing industrial reliance on natural gas contribute significantly to its active trading on commodity exchanges. Market Dynamics and Price Influencers: Seasonal Demand: Natural gas prices are highly influenced by seasonal weather patterns, with demand typically peaking during colder winter months (for heating) and hotter summer months (for air conditioning, impacting electricity generation). Natural gas prices are highly influenced by seasonal weather patterns, with demand typically peaking during colder winter months (for heating) and hotter summer months (for air conditioning, impacting electricity generation). Supply Levels: Production levels from major gas-producing regions (e.g., US, Russia, Qatar), storage levels, and infrastructure developments (pipelines, LNG terminals) significantly impact supply. Production levels from major gas-producing regions (e.g., US, Russia, Qatar), storage levels, and infrastructure developments (pipelines, LNG terminals) significantly impact supply. Geopolitical Events: Disruptions to pipeline flows or political tensions involving major gas suppliers can cause significant price volatility. Disruptions to pipeline flows or political tensions involving major gas suppliers can cause significant price volatility. Inventory Reports: Weekly inventory reports from major consumer nations (like the US) provide crucial insights into supply-demand balances and often trigger short-term price movements. Weekly inventory reports from major consumer nations (like the US) provide crucial insights into supply-demand balances and often trigger short-term price movements. Competition from Other Fuels: The price of natural gas can be influenced by the competitiveness of other energy sources, such as coal and crude oil. The price of natural gas can be influenced by the competitiveness of other energy sources, such as coal and crude oil. Appeal for Traders: Natural gas offers substantial price volatility, particularly due to seasonal demand and geopolitical factors. This creates frequent trading opportunities for those who can accurately assess market sentiment and supply-demand dynamics. 5. Copper: "Dr. Copper" - The Economic Barometer Copper, often affectionately dubbed "Dr. Copper" due to its uncanny ability to predict economic health, is a critical industrial metal. Its widespread use in electrical wiring, construction, manufacturing, and emerging green technologies (electric vehicles, renewable energy infrastructure) makes its demand a strong indicator of global economic activity. India's accelerating infrastructure development and manufacturing growth contribute to the active trading of copper. Market Dynamics and Price Influencers: Global Economic Growth: Copper demand is a fundamental building block of modern economies, and it directly correlates with global GDP growth, industrial output, and construction activity. Copper demand is a fundamental building block of modern economies, and it directly correlates with global GDP growth, industrial output, and construction activity. Infrastructure Spending: Government and private sector investments in infrastructure projects (roads, railways, power grids) drive significant copper demand. Government and private sector investments in infrastructure projects (roads, railways, power grids) drive significant copper demand. Urbanization and Industrialization: Rapid urbanization and industrialization in developing economies, particularly China (the most significant consumer), are major drivers of copper demand. Rapid urbanization and industrialization in developing economies, particularly China (the most significant consumer), are major drivers of copper demand. Green Energy Transition: The increasing adoption of electric vehicles, solar power, and wind energy, which are highly copper-intensive, represents a significant long-term demand driver. The increasing adoption of electric vehicles, solar power, and wind energy, which are highly copper-intensive, represents a significant long-term demand driver. Supply Disruptions: Mining disruptions due to labor strikes, natural disasters, or geopolitical issues in major producing countries (e.g., Chile, Peru) can impact supply and prices. Mining disruptions due to labor strikes, natural disasters, or geopolitical issues in major producing countries (e.g., Chile, Peru) can impact supply and prices. Inventory Levels: Global inventory levels of copper in warehouses provide crucial insights into the immediate supply-demand balance. Global inventory levels of copper in warehouses provide crucial insights into the immediate supply-demand balance. Appeal for Traders: Copper's strong correlation with global economic health makes it an attractive commodity for traders seeking to capitalize on broad economic trends. Its integral role in the green energy transition also provides a compelling long-term outlook for potential price appreciation. Conclusion: Navigating India's Vibrant Commodity Market The Indian commodity market offers a wealth of opportunities for astute traders and investors. Gold, Crude Oil, Silver, Natural Gas, and Copper consistently stand out as the most active commodities, each possessing unique drivers and trading characteristics. Futures contracts on established exchanges like MCX and NCDEX provide regulated and highly liquid avenues for participation, offering transparency and robust trading infrastructure. Thorough research, robust risk management strategies, and a comprehensive awareness of domestic and international market dynamics are essential for success in India's dynamic commodity trading arena.
The Hindu
25 minutes ago
- The Hindu
First edition of Bengaluru Coin Exhibition 2025 set to enthrall numismatic enthusiasts
The first edition of the Bengaluru Coin Exhibition 2025, a gathering for coin collectors and history enthusiasts, is set to begin on June 13 at Shikshakara Sadana, Kempegowda Road, near Mysore Bank Circle, Bengaluru. The three-day exhibition, organised by numismatists and institutions from across the country, celebrates over 2,500 years of India's rich and diverse coinage history. From ancient punch-marked coins to the coinage of the Mughal and colonial eras, and from regional mints to modern commemorative issues, the event promises an unmatched showcase of India's monetary heritage. Notably, coins from the Ganga period are on display, offering a rare glimpse into Karnataka's ancient monetary systems. The event will also highlight Karnataka's own contribution to Indian numismatics, through displays of local and regional coinage. Among the highlights are coins dating back to the 6th century BCE, offering visitors a chance to explore the earliest forms of Indian currency. The collection spans an impressive historical timeline, including coins from the illustrious Vijayanagara empire and the royal Mysuru Wadiyar dynasty, showcasing the rich and layered narrative of South India's monetary legacy. Adding to the grandeur, a selection of gold coins once owned by kings from across the country has also been put on display, reflecting the artistry of royal Indian mints. In total, nearly one lakh coins are on display, making this one of the largest and most comprehensive exhibitions ever held in India's numismatic history. The highlight of the exhibition will be two major numismatic auctions — Falcon Auctions and Travancore Heritage Auctions — featuring rare and collectible coins, banknotes, and medals. More than 100 top exhibitors and dealers from across the country will participate, offering items for sale, trade, and display. Visitors can also benefit from free valuation services and guidance sessions for budding collectors. Expert lectures and knowledge sessions will be held alongside the exhibition. The event is free and open to all — students, families, researchers, and the general public. The exhibition runs from June 13 to 15 and promises to be an immersive cultural experience for anyone curious about India's past.
Time of India
27 minutes ago
- Time of India
Baba Vanga's 2025 Horoscope: 3 zodiac signs set for a meteoric rise in wealth, power, and transformation from June
Renowned Bulgarian mystic Baba Vanga, who lost her sight at the age of 12 and later rose to global fame for her alleged prophetic visions, continues to capture public imagination decades after her death in 1996. As 2025 progresses, interest has surged in her astrological insights, especially around predictions pointing to which zodiac signs will enjoy exceptional fortune this year. Astrology enthusiasts and spiritual followers alike are turning to what is now being dubbed the Baba Vanga Horoscope, focusing particularly on signs expected to thrive in 2025. Among them, Gemini, Leo, and Aquarius stand out for the transformative opportunities and financial growth foreseen in the months ahead, as mentioned in a report by Times Of India. Gemini: A Year of Transformation and Triumph With Jupiter transitioning into Gemini on May 14, the year 2025 is expected to mark a significant shift in fortunes for individuals born under this air sign. The rare alignment of Jupiter with Mercury—Gemini's ruling planet—is said to bring a wave of positivity, intellect-driven success, and personal breakthroughs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Seniors In Heavy Credit Card Debt Should Do This (Its Genius) supersaverclubs Learn More Undo According to Baba Vanga's spiritual forecasts, Geminis are likely to experience a period rich in career opportunities, social mobility, and financial improvements. Experts suggest that their success will hinge on their ability to harness communication skills and form strategic networks. From mid-year onwards, Geminis may feel an internal push to release outdated habits and embrace bold, new paths. Whether through professional partnerships or personal evolution, this year is seen as a transformative phase, one where persistence and adaptability will yield long-term dividends. Live Events Leo: Financial Growth and Recognition Await For Leos, 2025 is predicted to bring a resurgence of confidence and prosperity, fueled by the energizing influence of Mars entering the fire sign in June. With Mars lending its assertive power, Leos are expected to attract financial gains, promotions, and new business prospects. Those born under this sign are known for their charismatic and extroverted nature. The Baba Vanga Horoscope suggests that 2025 will reward Leos who maintain resilience and strategic clarity. Fortifying personal relationships and aligning goals in the first half of the year will create a strong foundation for later gains. Whether it be achieving career milestones or pursuing creative ambitions, the year offers a platform for Leos to reclaim the spotlight after emotional and financial fluctuations in past years. By December, many Leos may find themselves in significantly elevated positions, both materially and emotionally. Aquarius: Innovation and Sudden Gains on the Horizon Aquarians, long celebrated for their independent spirit and unconventional approach, are also expected to see a fortunate turn in 2025. With Saturn transitioning from Aquarius to Pisces and Rahu entering Aquarius in May, the planetary movements point to unexpected financial windfalls, particularly from prior investments. The Baba Vanga Horoscope forecasts a period where Aquarians' creative and futuristic ideas will be embraced by a wider audience. This could lead to leadership roles, innovative projects, or even entrepreneurial success. By mid-year, the energies suggest that Aquarians may be thrust into the limelight, prompting decisive action. Analysts advise weighing risks carefully, as the planetary alignment favors bold yet calculated ventures. The year is seen as an ideal time for fresh beginnings and long-term planning. FAQs Who was Baba Vanga and why are her predictions still popular in 2025? Baba Vanga was a Bulgarian mystic who gained global fame for her alleged prophetic visions. Though she passed away in 1996, her predictions continue to intrigue spiritual seekers and astrology enthusiasts, especially as they appear to align with certain astrological movements in 2025. What is the Baba Vanga Horoscope? The Baba Vanga Horoscope refers to astrological interpretations inspired by Baba Vanga's spiritual legacy, combined with planetary movements. In 2025, it focuses on zodiac signs that are believed to be entering especially fortunate phases.
