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Indians Shouldn't Have to Apologize for Profits

Firms must make the moral case for markets: Capitalism, not handouts, has lifted millions out of poverty.

Is profit once again a "dirty word" in India? The country's first prime minister, the Fabian socialist Jawaharlal Nehru, infamously dismissed private gain in those terms. Now a bill awaiting passage in India's Parliament suggests the country's government still clings to this qualmish view of business.

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