The Hindu Editorial Vocabulary 13th April 2024

The Hindu Vocab is perfect to boost your vocab knowledge to target government exams. We have come up with the Hindu Editorial Vocabulary 13th April 2024 to list difficult words with contextual meaning. Antonyms and Synonyms of difficult words are covered in blog. Bookmark this blog to enhance vocab knowledge.

The Hindu Vocab On ADB Forecast, India’s GDP

Policymakers must simplify trade rules to boost exports

The Asian Development Bank (ADB) on Thursday raised its forecast (a statement of what is judged likely to happen in the future, especially in connection with a particular situation) for India’s GDP growth in the current fiscal year ending on March 31, 2025, to 7%, from 6.7% earlier, citing robust public and private investment as well as expectations of a gradual improvement (an occasion when something gets better or when you make it better) in consumer demand as the rural economy recovers. The regional multilateral lender also projected that India’s economy would expand by 7.2% in fiscal 2025-26. The ADB’s latest growth forecast for India’s GDP is, however, still slower than the 7.6% pace that India’s National Statistical Office has estimated for the 12 months that ended on March 31. Last year’s expansion too was driven by strong investment (the act of putting money, effort, time, etc. into something to make a profit or get an advantage, or the money, effort, time, etc. used to do this) while consumption remained muted (showing little enthusiasm). The ADB, however, cautioned that its forecast could be proven wrong by global risks including a sharp rise in oil prices or prolonged high interest rates in the West to tackle inflation (a general, continuous increase in prices). It estimated that India would likely be the economy most affected in Asia by the high interest rates due to the greater sensitivity of the rupee to western interest rates. It also noted that while the Centre’s capital expenditure spending had been strong and was projected to grow with rising budgetary allocation, project completions in the private sector had failed to match rising project announcements. Most conspicuously (in a way that is conspicuous (= noticeable) missing from the ADB’s report, however, was the absence of any comment on the controversies surrounding the integrity of India’s national income data or concerns raised about the heavy influence (the power to have an effect on people or things, or a person or thing that is able to do this) of government tax receipts on final GDP.

The lender also failed to make any mention of the absence of significant structural reforms (to make an improvement, especially by changing a person’s behaviour or the structure of something) in India, particularly since the COVID-19 pandemic. One of the reasons the strong growth numbers reported by the government have been questioned is that they have come at a time when economic reforms have taken a back seat. The ADB’s assumption of a likely rebound (If an action rebounds on you, it does not have the effect you hoped for but has an unpleasant effect on you instead) in consumer spending to support its 2024-25 growth projection is also at risk of being undermined (to make someone less confident, less powerful, or less likely to succeed, or to make something weaker, often gradually). Global country risk research firm BMI recently flagged the risk to consumption spending from stretched household savings which are near all-time lows. In any case, the Centre would do well to listen to the ADB’s suggestion to create large-scale special economic zones with an easier policy environment to boost exports. Given the challenges flagged by the lender to global merchandise (goods that are bought and sold) trade, including the extremely volatile (likely to change suddenly and unexpectedly, especially by getting worse) situation in West Asia and the disruptions to the normal east-west shipping route through the Red Sea, India must heed the ADB’s recommendations to integrate better with global supply chains and improve its logistics infrastructure (the basic structure of an organization or system which is necessary for its operation, esp. public water, energy, and systems for communication and transport) post haste.

The Hindu Editorial Vocabulary Wordlist 13th April 2024

Start your journey to improve word knowledge with the Hindu Editorial Vocabulary 13th April 2024. Improve your English language for government exams.

• Forecast: A statement of what is judged likely to happen in the future, especially in connection with a particular situation.
• Muted: Showing little enthusiasm.
• Investment: The act of putting money, effort, time, etc. into something to make a profit or get an advantage, or the money, effort, time, etc. used to do this.
• Improvement: An occasion when something gets better or when you make it better.
• Inflation: A general, continuous increase in prices.
• Conspicuously: In a way that is conspicuous (= noticeable).
• Influence: The power to have an effect on people or things, or a person or thing that is able to do this.
• Reform: To make an improvement, especially by changing a person’s behaviour or the structure of something
• Rebound: If an action rebounds on you, it does not have the effect you hoped for but has an unpleasant effect on you instead.
• Undermined: To make someone less confident, less powerful, or less likely to succeed, or to make something weaker, often gradually.
• Merchandise: Goods that are bought and sold.
• Volatile: Likely to change suddenly and unexpectedly, especially by getting worse.
• Infrastructure: The basic structure of an organization or system which is necessary for its operation, esp. public water, energy, and systems for communication and transport.

The Hindu Vocab Master 13th April with Synonyms & Antonyms

Take a look at synonyms and antonyms of difficult words in Hindu Vocab Master 13th April compiled in the table.

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