The Hindu Editorial Vocabulary 18th June 2024

The Hindu Editorial Vocabulary 18th June 2024 is an accessible resource for candidates who want to improve their vocabulary knowledge. Learn new words and its contextual meanings regularly. We cover synonyms and antonyms of difficult words.

Hindu Vocab On Trade Trapeze On India’s Exports

After a rough 2023-24, when India’s merchandise (goods that have the official or unofficial brand (= names, designs, images, etc. that are linked with a particular product) of a film, TV show, singer, etc) exports tanked 3.1% to around $437 billion, trade tides appear to be turning. The last two months have recorded an expansion (to increase in size, number, or importance, or to make something increase in this way) in outbound shipments with the momentum (the quality that keeps an event developing or making progress after it has started) picking up from a 1.1% rise in April to a 9.1% uptick in May. Some of this reversal had begun in the January to March quarter, when exports grew 4.9% to a seven-quarter high of over $120 billion, belying worries about the disruptions (the action of preventing something, especially a system, process, or event, from continuing as usual or as expected) in the Red Sea route since late 2023. Imports as well as exports have risen in four of the last five months now. With the European Central Bank slashing interest rates this month after a long hawkish stance post-COVID-19, exporters and trade officials are hopeful that its peers in key markets would follow suit and help shore up demand for their produce. But with prices of some industrial commodities such as metals as well as food items rising in recent months, those hopes need to be tempered (limited or controlled, or made less extreme). The U.S. Federal Reserve has scaled back expectations, stating that only one rate cut is likely through this calendar year.

It is heartening that 20 of India’s top 30 export items have outperformed last May’s export tallies this year, compared with just 13 items recording a rise in April. The sectors that recovered in May include employment-intensive ones such as apparel (clothes of a particular type when they are being sold in a shop), man-made yarn, and engineering goods. Worryingly, spice shipments slipped by a sharp 20.3%, while marine products tanked again. Spices and shrimp exports were likely hit by some negative reports in key markets about quality and workplace standards, respectively, and more must be done to counter what has been termed a misplaced (directed towards someone or something wrongly or in a way that does not show good judgment) narrative. On the other hand, May’s import bill hit a seven-month high of $61.9 billion, widening the trade deficit to $23.8 billion, 25% over April’s gap. A record $13.2 billion deficit (the total amount by which money spent is more than money received, or the state of having spent more money than has been received) in petroleum products fuelled this gap, with imports worth $20 billion mostly linked to April’s average oil price of $89 a barrel. Oil prices have eased since then, but warrant close monitoring in an import-dependent country. Officials have downplayed concerns about rising deficits, arguing that import demand will outstrip demand for India’s exports, as it is growing faster than the world. Moreover, rising services exports and forex inflows from global investments shall help offset the gap, along with import substitution (the use of one person or thing instead of another) efforts. The latter assumption could prove tricky — foreign direct investment inflows have declined for three years, earnings guidance from IT services’ majors has been far from optimistic, and private investments to substitute imports remain sluggish. Rather than banking on intangibles (impossible to touch, to describe exactly, or to give an exact value) and imponderables, the Centre must revitalise its schemes and efforts to prop up goods exports, with enhanced budgetary outlays to boot.

Hindu Vocab Wordlist 18th June 2024

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• Merchandise: Goods that have the official or unofficial brand (= names, designs, images, etc. that are linked with a particular product) of a film, TV show, singer, etc.
• Expansion: To increase in size, number, or importance, or to make something increase in this way.
• Momentum: The quality that keeps an event developing or making progress after it has started.
• Disruption: The action of preventing something, especially a system, process, or event, from continuing as usual or as expected.
• Tempered: Limited or controlled, or made less extreme.
• Apparel: Clothes of a particular type when they are being sold in a shop.
• Misplaced: Directed towards someone or something wrongly or in a way that does not show good judgment.
• Deficit: The total amount by which money spent is more than money received, or the state of having spent more money than has been received.
• Substitution: The use of one person or thing instead of another.
• Intangible: Impossible to touch, to describe exactly, or to give an exact value.

Hindu Vocab Master 18th June with Synonyms & Antonyms

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