India, Aug. 6 -- India, now the world's fourth-largest economy with a GDP surpassing $4 trillion, must match its financial success with a legal architecture that reflects its scale, complexity, and ethical responsibilities - especially in its thriving private sector. From infrastructure to innovation, the private sector drives growth, but ethical lapses here - accounting fraud, environmental damage, and education or healthcare scams - have serious public consequences.

Yet, India remains largely indifferent to two critical needs: protecting private-sector whistleblowers and shielding the innocent from false or malicious allegations.

An Outdated Law for a New Economy

The Whistle Blowers Protection Act, 2014, covers primarily public serva...