The Hindu Editorial (Momentum softens) – Jul 07, 2023

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The Hindu Editorial (Momentum softens) – Jul 07, 2023:

momentum (noun) – the increase in the rate of growth of something; strength, impetus.
soften (verb) – decrease, reduce, lessen, moderate.
S&P Global Inc. (noun) – an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics; S&P Global, Inc. engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices.
inflation (noun) – simply meaning “cost of living”; an increase of price level of goods & services and vice versa decrease of currency value.
undermine (verb) – weaken, subvert, sabotage, damage.
price stability (noun) – no (drastic) change in the price of goods and services in an economy over a period of time. It implies avoiding both prolonged inflation and deflation.
Purchasing Managers’ Index (PMI) (noun) – Purchasing Managers’ Index or PMI is an economic indicator, which is derived after monthly surveys of different companies. The index shows trends in both the manufacturing and services sector. The index helps in determining whether the market conditions, as seen by purchasing managers, is expanding, contracting or staying the same. It is used to provide information regarding the current and future business conditions.
index (noun) – an (economic) data figure reflecting something (e.g. price/quantity) compared with a standard or base value; pointer, indicator.
posit (verb) – put forward, propose, postulate, suppose, suggest.
softening (noun) – decrease, reduction, lessening, moderation.
ease (verb) – decrease, lessen, diminish, reduce, lower.
marginally (adverb) – slightly, somewhat, to some degree.
reading (noun) – figure, indication, measurement, record.
dip (verb) – decrease, fall/drop, slump.
front (noun) – a particular field of activity.
expansion (noun) – increase, growth.
decelerate (verb) – slow down, reduce, lessen, slow up.
drag down (phrasal verb) – bring something to a lower level.
sequential (adjective) – happened in sequence/order/succession.
slowdown (noun) – economic decline, recession, slump/depression.
indices plural of index (noun) – a data figure reflecting something compared with a standard or base value; pointer, indicator.
attribute (verb) – ascribe, assign, connect/associate with.
underlying (adjective) – fundamental, basic, primary.
constituent (noun) – component, element, ingredient, part.
surge (verb) – increase, rise, escalate.
constitute (verb) – account for, amount to, make up, comprise, form, compose, represent.
weight (noun) – larger number, bulk, lion’s share.
spur (verb) – prompt, drive, propel, impel, force.
intake (noun) – supply; consumption.
point to (phrasal verb) – indicate, suggest, signal, signify, denote, reveal.
robust (adjective) – strong, powerful.
buoy (verb) – support, encourage, stimulate, boost, cheer up, strengthen, fortify, inspire, give strength to.
prospects (noun) – chances, possibilities, expectations, outlook, future.
on the face of it (phrase) – apparently, seemingly, outwardly, ostensibly, at first glance, it seems (that), it appears (that), at face value, to go by appearances, by all accounts.
ought to (modal verb) – must, should.
fiscal (noun) – financial year.
sap (verb) – reduce, lessen, lower; impair, erode, undermine.
panel (noun) – committee, council, advisory body.
Micro, Small and Medium Enterprise (MSME) (noun) – MSME stands for Micro, Small and Medium Enterprise (MSME), introduced by Government of India in agreement with Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. It includes Enterprises engaged in the manufacture or production, processing or preservation of goods & Enterprises engaged in providing or rendering of services with some specific requirements.
collectively (adverb) – as a whole.
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.
bulwark (noun) – support; protection, guard.
informal/unorganized sector (noun) – informal economy, grey economy; it is the part of an economy that is neither taxed nor monitored by any form of government.
formal sector/organized sector (noun) – formal economy; it is the part of an economy that is taxed, or monitored by any form of government.
rely on (phrasal verb) – depend on; resort to, have recourse to.
largely (adverb) – mostly, mainly, generally.
Centre for Monitoring Indian Economy (CMIE) (noun) – a leading business information company. It was established in 1976, primarily as an independent think tank. (Think tank is a panel of experts who provide advice and ideas on political, social or economic issues).
spike (verb) – rise/increase sharply.
keep watch on (phrase) – eye, see, observe, view, keep watch on, keep an eye on.
given (preposition) – considering, taking into account, bearing in mind.
resurgence (noun) – recovery, revival, rebound, resurrection, renaissance, re-emergence.
anchor (verb) – secure, fasten, attach, connect firmly.