India needs caring, compassionate capitalism: NITI Aayog VC
nNITI Aayog Vice Chairman Rajiv Kumar has said India needs to develop a model of capitalism that's "caring and compassionate". He added that capitalism should not be solely driven by profit maximisation and also urged that there was a need to get rid of a "termite" called cronyism. Kumar further said cronyism has given capitalism a bad name in India.