I only get to the first paragraph and the warning bells ring:
“Capitalism is an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state”.
There are other ways of organising an economy other than private ownership or state control (though capitalism can’t function without some state control). Many people today would describe the state running a company as a private owner runs a company as state capitalism. The real alternative is socialism.
By this measure India doesn’t have a mix of capitalism and socialism, it has a mix of private capitalism and state capitalism.
For what it’s worth, I don’t think you can ‘reform’ capitalism. Capitalism mutates to extract the highest profit it can from the environment it finds itself in.
Lastly, rentier isn’t the French for rich. A rentier is a person who lives off rents. It could be the rental of land and building, but nowadays much of it is the rent of intellectual property (read Guy Standing — The Corruption of Capitalism).
