The Hindu Editorial (Facts and statistics) – Mar 04, 2024

Editorial Words

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The Hindu Editorial (Facts and statistics) – Mar 04, 2024

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The Hindu Editorial (Facts and statistics) – Mar 04, 2024:

National Statistical Office (NSO) (noun) – The National Statistical Office is the state statistical agency set up by an Act of the Parliament, India, Statistical Services Act (Chapter 386) 1980, responsible for collecting, compiling and disseminating official statistical information on a regular and timely basis.
Gross domestic product (GDP) (noun) – a measure of economic activity in a country. It is the total value of a country’s annual output of goods and service.
merit (verb) – deserve, warrant, be worthy of, justify.
scrutiny (noun) – examination, inspection, investigation.
fair (adjective) – reasonable, satisfactory, acceptable, adequate, sufficient.
bewilderment (noun) – bafflement, puzzlement, mystification, confusion, perplexity.
robust (adjective) – strong, powerful.
year-on-year (adjective) – year over year (for comparison).
quarter (noun) – a period of three months (considered as one-fourth of a year).
hard pressed (adjective) – in difficulties, under pressure, under stress, troubled, overburdened, overloaded.
reconcile (verb) – settle, solve, resolve, rectify, deal with.
difference (noun) – variation, deviation, divergence, dissimilarity, unevenness, contradiction.
basis point (BPS) (noun) – a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% (1/100th of a percent). Used for measuring change in interest rate/yield.
projection (noun) – prediction, indication, forecast, prognosis, speculation, calculation (of future events or trends).
posit (verb) – put forward, propose, postulate, suppose, suggest.
fiscal (noun) – financial year.
forecast (verb) – predict, indicate, project, prognosis, speculate, calculate (future events or trends).
upgrade (noun) – rise, advancement, improvement, enhancement, elevation.
result in (verb) – cause, lead to, bring about, bring on, give rise to.
fallout (noun) – adverse results/consequence; after-effects, repercussions.
consequent (adjective) – subsequent, resulting, resultant, following, successive, sequential, accompanying.
scaling down (noun) – reduction, decrease.
expansion (noun) – increase, rise; growth, development
given (preposition) – considering, taking into account, bearing in mind.
pace (noun) – rate, speed.
base effect (noun) – it relates to inflation in the corresponding period of the previous year, if the inflation rate was too low in the corresponding period of the previous year, even a smaller rise in the Price Index will arithmetically give a high rate of inflation now.
factor in (verb) – consider, take into account, take into consideration.
gauge (verb) – measure, calculate, determine.
import (noun) – meaning, essence; importance, significance.
headline (adjective) – pronounced, marked, striking, glaring, obvious.
headline inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices.
gross value added (GVA) (noun) – it is a measure of total output and income in the economy. It provides the rupee value for the amount of goods and services produced in an economy after deducting the cost of inputs and raw materials that have gone into the production of those goods and services. It also gives a sector-specific picture like what is the growth in an area, industry, or sector of an economy. On the other hand, GDP or gross domestic product is a measure of economic activity in a country. It is the total value of a country’s annual output of goods and services.
preceding (adjective) – previous, prior, earlier.
key (adjective) – vital, important, essential, crucial.
livestock (noun) – farm animals (cattle, goats & etc.).
forestry (noun) – the management and use of natural resources occurring in forested land; forest management, forest planting, tree growing/forestation, afforestation.
contract (verb) – decline, decrease, diminish, reduce.
momentum (noun) – the increase in the rate of growth of something; strength, impetus.
sequentially (adverb) – in succession, successively, continuously.
surge (verb) – increase or rise suddenly.
largely (adverb) – mostly, mainly, generally.
as a result of (phrase) – because of something; in view of, due to, owing to, by/in virtue of.
subsidy (noun) – also called as subvention; a financial contribution granted to help an industry or business, mostly given by a government, in order to keep the price of service/goods at a low level.
payout (noun) – payment.
fertilizer (noun) – Fertilizers are organic or inorganic substances containing chemical elements that improve the growth of plants and the fertility (productiveness) of the soil.
drastically (adverb) – extremely, substantially.
to that extent (phrase) – to a particular degree/stage/level.
picture (noun) – impression, view, vision, notion.
private consumption or consumption expenditure (noun) – the spending by households (consumers) on goods and services, excluding new housing.
public expenditure/spending or government expenditure/spending (noun) – money spent by the government (of a country on collective needs and wants, such as pension, provisions security, health care, infrastructure, etc.).
lack (noun) – absence, non-existence, unavailability.
traction (noun) – a condition of gaining attention, momentum, or success.
lack of traction (noun phrase) – used to describe that something doesn’t seem to be gaining any attention, momentum, or success.
shrank past of shrink (verb) – lessen, reduce, decrease.
set (verb) – make ready, prepare, arrange.
serve as (verb) – act as, function as.
poll-eve (noun as modifier) – the period just prior poll.
talking point (noun) – a subject//topic of discussion.
sober (adjective) – serious/sensible, serious-minded, factual, logical, well considered, straightforward, self-controlled, strict, restrained, unemotional.
draw on (phrasal verb) – use, utilize, employ, rely on, make use of.