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flag In India, a report shows most entrepreneurs plan to pass businesses to family, but few heirs feel obligated to take over.

flag A recent HSBC report reveals that while 79% of Indian entrepreneurs plan to pass their businesses to family members, only 7% of heirs feel obligated to take over these family enterprises. flag This shift indicates a growing openness to pursuing alternative career paths. flag The report, based on a survey of 1,882 business owners across 10 markets, also notes that 45% of Indian business owners do not expect their children to take over their businesses, though most still trust the next generation's ability to manage family wealth. flag This trend highlights the evolving nature of family business succession in India.

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