60–70% of the GDP of the majority of developed and emerging nations comes from family businesses. India is no different. Due to the disparities in the attitudes and goals of family members, the majority of business families have particular management difficulties. Maintaining the family and business together is a huge problem as new generations join the family firm. Some people give up their families to maintain their businesses, while others give up their families to maintain their businesses. It has been noted that only 13% of family businesses make it past the third generation, and just 4% do so. Additionally, a third of business families break up due to generational strife. However, the secret to the success of many family enterprises has been the close-knit structure of families, which encourages teamwork while still respecting family elders and family values. Since Indian family companies are