According to a survey conducted in 2018 among Indian business leaders about ranking their key challenges over the next two years, 54 percent of the respondents ranked innovation as a leading challenge. With the growth of young entrepreneurs and start-ups in India, established businesses need to think ahead and come up with new ideas and solutions.
Key challenges over the next two years for family businesses in India in 2018
The original question was "How much of a challenge do you think each one will be for your business over the next 2 years on a scale of 1–5, where 1 means it will be a minor challenge or not particularly important and 5 means it’s going to be a major challenge for your business?".
For each respondent, the answers were ranked based on their top 2 challenges.
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PwC. (June 17, 2019). Key challenges over the next two years for family businesses in India in 2018 [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1042667/india-key-challenges-over-two-years-family-businesses/
PwC. "Key challenges over the next two years for family businesses in India in 2018." Chart. June 17, 2019. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1042667/india-key-challenges-over-two-years-family-businesses/
PwC. (2019). Key challenges over the next two years for family businesses in India in 2018. Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1042667/india-key-challenges-over-two-years-family-businesses/
PwC. "Key Challenges over The next Two Years for Family Businesses in India in 2018." Statista, Statista Inc., 17 Jun 2019, https://www.statista.com/statistics/1042667/india-key-challenges-over-two-years-family-businesses/
PwC, Key challenges over the next two years for family businesses in India in 2018 Statista, https://www.statista.com/statistics/1042667/india-key-challenges-over-two-years-family-businesses/ (last visited January 08, 2025)
Key challenges over the next two years for family businesses in India in 2018 [Graph], PwC, June 17, 2019. [Online]. Available: https://www.statista.com/statistics/1042667/india-key-challenges-over-two-years-family-businesses/