Why India’s established elite is afraid of taking risks
The Hindu·2h ago·Neutral
What Happened
India's established business families are selling profitable, well-managed companies for immediate liquidity rather than facing operational challenges. VIP Industries, a leading luggage manufacturer, exemplifies this trend. The next generation prefers cashing out over continuing family businesses. This mirrors literary paralysis where inherited wealth loses meaning without agency and operational engagement.
Key Entities
India's business eliteVIP IndustriesF. Scott FitzgeraldFamily businessesNext generation entrepreneurs