The Economic Times

1991 liberalisation a defining moment for family enterprises: Rajiv Memani, chairman, EY, India

Indian family businesses have grown stronger since economic liberalisation in 1991. Many predicted their decline, but these enterprises adapted and embraced new opportunities. They remain anchored in strong values and culture, contributing significantly to India's economy. EY's chairman noted their resilience and long-term vision across generations. These businesses continue to be among India's most successful companies today.