India maintains its position as the world’s fastest-growing major economy, even as its GDP growth slowed to 5.4% in the July-September quarter. This slowdown, attributed to a weak manufacturing sector, contrasts with China’s 4.6% growth during the same period. However, India’s performance still surpasses that of its Asian rival.
Results for: India GDP
The Ambani family, led by Mukesh Ambani, has secured the top spot in the 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list. With an estimated value of $309 billion, Reliance Industries Limited (RIL) accounts for about 10% of India’s GDP. The list, which considers family-owned businesses with active involvement from descendants, highlights the significant wealth and influence of family-led enterprises in India’s business landscape.