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Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)

-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...

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31.4% of Indian children will be stunted by 2022: report

-The Hindu Country needs to double its efforts to control malnutrition Almost one in three Indian children under five years will still be stunted by 2022 going by current trends, according to an analysis of the country’s food and nutrition security released on Tuesday. Over the last decade, child stunting — which is a measure of chronic malnutrition — has reduced at a rate of about 1% per year, the slowest decline...

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Only 15% landholders earn 91% of total national income -Richard Mahapatra

-Down to Earth Income inequality makes agrarian crisis challenging; inequality is worse among farmers than the formal economy Economists Lucas Chancel and Thomas Piketty recently concluded after a long study that inequality is at its peak in India. It is embedded in popular conscience: “Top 1 per cent of earners captured 22 per cent of total income in the country.” Their study–covering consumption, government accounts and income tax data from 1922...

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India to be most populous nation by 2022, says UN report -Zia Haq

-Hindustan Times India is on course to be the world’s most populous nation by 2022, surpassing China sooner than previously estimated, according to the UN’s 2015 Revised World Population Prospect report. The estimates forecast a remarkable quickening of India’s population growth between 2015 and 2050, while China’s is projected to remain flat and then start declining. “Within seven years, the population of India is expected to surpass that of China,” said the new...

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Social Justice

KEY TRENDS   • According to National Sample Survey report no. 583: Persons with Disabilities in India, the percentage of persons with disability who received aid/help from Government was 21.8 percent, 1.8 percent received aid/help from organisation other than Government and another 76.4 percent did not receive aid/ help *8   • As per National Family Health Survey-4 (NFHS-4), the Under-five Mortality Rate (U5MR) was 57.2 per 1,000 live births (for the non-STs it was 38.5)...

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