Summary:

Indian entrepreneurs are like gardeners tending to their firms, confident that their money will continue to flourish despite the harsh conditions of global uncertainty. According to HSBC's 'Global Entrepreneurial Wealth Report 2024,' 98% of entrepreneurs are optimistic about their financial future. Like a gardener selecting the best soil, they invest heavily in luxury dwellings, goods, and experiences, dedicating 61% of their wealth to real estate, much higher than the global average of 51%.

Ipsos UK conducted a survey of 1,798 business owners with at least $2 million in investable assets from India, France, Hong Kong, and the United States. It found that 80% of Indian entrepreneurs invest in equities, bonds, and real estate—the highest percentage among the 10 economies surveyed. Despite challenges like unemployment and inflation, 75% feel supported by the government. Seventy-five percent operate in India, and 88% prefer to keep their businesses within the family, presenting succession planning challenges.

Source: IBEF 

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