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Paytm reported its first-ever net income, helped by a gain from the sale of its events business as the Indian fintech pioneer fights to rebound from regulatory setbacks. The company, which trades as One 97 Communications Ltd., reported net income…
The developing world has fallen back in love with economic planning. As protectionism sweeps the West, poor countries are no longer afraid of industrial policy—or bold ambition. India’s government declares that manufacturing will propel the country to high-income status by…