The Hindu Editorial (Growth matrix) – Aug 31, 2024

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The Hindu Editorial (Growth matrix) – Aug 31, 2024:

matrix (noun) – systems and structures (by using that something grows or develops).
outlook (noun) – prospects, chances, possibilities, expectations, future.
poise (verb) – get into position, be ready/prepared to do something.
acceleration (noun) – expedition, increase in speed, gain in momentum, quickening, speeding up.
gauge (noun) – measure, indicator, index, barometer.
so far (phrase) – until now, up to the present, up to this point.
peg at (verb) – fix, set, hold, limit (a price, rate, or amount) at a particular level.
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.
quarter (noun) – a period of three months (considered as one-fourth of a year).
central bank (noun) – the banking regulator of a county’s banking system. (e.g. The Reserve Bank of India (RBI) is the central bank of India).
projection (noun) – prediction, indication, forecast, prognosis, speculation, calculation (of future events or trends).
surge (noun) – sudden increase or rise of something.
underwhelming (adjective) – unsatisfactory, not exciting, disappointing.
mark (verb) – show, indicate, represent, denote.
cooling (noun) – reduction, lessening, decrease, decline.
momentum (noun) – the increase in the rate of growth of something; strength, impetus.
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.
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.
divergence (noun) – difference, dissimilarity, variance, deviation, mismatch.
print (noun) – mark, level; registry/record.
onset (noun) – start, beginning, arrival.
fiscal (year) (noun) – financial year.
hinge on (verb) – depend on, be based, be dependent.
ease (verb) – decrease, lessen, diminish, reduce, lower.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
private consumption or consumption expenditure (noun) – the spending by households (consumers) on goods and services, excluding new housing.
bolster (verb) – strengthen, support, make stronger, reinforce, buttress.
propensity (noun) – tendency, inclination, predisposition, readiness, disposition.
government spending or public spending (noun) – money spent by the government.
prop up (phrasal verb) – to give support to someone or something otherwise that person/thing would fail/collapse; support, help, aid, assist, bolster (up), shore up, hold up, buttress, undergird, underpin, reinforce, strengthen
ramp up (phrasal verb) – increase (in amount or number).
capital spending/capital expenditure (CAPEX) (noun) – the money spent on the acquisition of assets like land, buildings, machinery, equipment, as well as investment in shares.
narrative (noun) – a representation of a particular situation; portrayal, account, description, statement.
unfold (verb) – develop, evolve, happen, occur, transpire, emerge.
pillar (noun) – mainstay, strength, tower of strength, bastion; backbone, support.
underpin (verb) – strengthen, fortify, support, bolster, reinforce, prop up, shore up.
aspiration (noun) – aim, ambition, objective, goal, target.
as things stand (phrase) – in line with the present circumstances.
play out (phrasal verb) – happen, occur, take place, transpire, come about.
stretched (adjective) – lengthy, longish, extended, protracted, prolonged, elongated.
scupper (verb) – ruin, destroy, devastate, wreak havoc on, damage, spoil, mess up, shatter.
public capex (noun) – government capital expenditure.
capex (noun) – capital expenditure.
redouble (verb) – make something more intense/ stronger; to increase, strengthen, intensify something considerably
bounce (verb) – recover, rebound, pick up, rally.
thanks to (phrase) – as a result of, owing to, due to, because of.
core inflation (noun) – it is a measure of the total inflation within an economy, excluding commodities such as food and energy prices (which change frequently).
headline inflation (noun) – it is a measure of the total inflation within an economy, including commodities such as food and energy prices.
elevated (adjective) – increased, raised.
tad (noun) – a very small amount; a little bit; to small degree extent; slightly, somewhat.
erratic (adjective) – unpredictable, varying, uncertain, irregular, fluctuant, unreliable.
spatially (adverb) – used (in a way) to describe things relating to areas.
rebound (verb) – recover, revive, rally, pick up, come back (in value of something after decline).
in earnest (phrase) – zealously, purposefully, determinedly, resolutely, with enthusiasm, with dedication, with commitment.
food price inflation (noun) – the rise in the prices of most goods and services of food & related things.
cool (verb) – reduce, lessen, diminish, decrease.
downpour (noun) – very heavy rainfall; torrential rain.
rabi crops (noun) – winter crops; seeds sowing in the beginning (Nov) of the winter and harvesting at the end of the season (Apr) in the South Asia.
kharif crops (noun) – monsoon crops; seeds sowing in the beginning (Jun) of the monsoon and harvesting at the end of the season (Oct) in the South Asia.
independent (adjective) – impartial, unbiased, unprejudiced, neutral, dispassionate, even-handed, fair-minded, non-partisan.
monetary policy (noun) – monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply, and availability of credit with a view to achieving the ultimate objective of economic policy mentioned in the Reserve Bank of India Act, 1934.
The monetary policy committee (MPC) (noun) – it is a six-member panel that is expected to bring “value and transparency” to rate-setting decisions. It will feature three members from the RBI — the Governor, a Deputy Governor and another official — and three independent members to be selected by the Government. The MPC will meet four times a year to decide on monetary policy by a majority vote.
panel (noun) – committee, council, advisory body.
flag (verb) – indicate, point out, identify; draw attention to something
rate cut (noun) – a decision by a central bank (like RBI in India) to reduce its main interest rate to the banks (like SBI, ICICI & etc in India) when these commercial banks get money from the central bank. Once this rate goes down, the banks are in a position to give loans at lower interest rates to individuals and the industry.
slip (verb) – decrease, drop, decline, slump, tumble, plunge, plummet.
potential (adjective) – possible, probable, likely, prospective.
hover around (verb) – remain at a level.
International Monetary Fund (IMF) (noun) – an international organization of 189 countries, headquartered in Washington, D.C., working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
official (noun) – officer, functionary, office-bearer, office-holder.
point out (phrasal verb) – indicate, identify, mention, specify, refer to, detail.
pursue (verb) – engage in, conduct, take part in (an activity).
judiciary (noun) – a branch of government in which judicial power is vested; judges collectively.
demographics (noun) – population; the statistical data of a population, (particularly groups within it defined by criteria such as education, nationality, religion, ethnicity etc.).
yield (noun) – give, provide, produce.
dividend (noun) – benefit, advantage, reward, gain, return, profit.