{"id":60726,"date":"2023-09-18T15:19:41","date_gmt":"2023-09-18T09:49:41","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=60726"},"modified":"2023-09-18T15:19:41","modified_gmt":"2023-09-18T09:49:41","slug":"the-hindu-editorial-vocabulary-september-18-2023-day-471","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/the-hindu-editorial-vocabulary-september-18-2023-day-471\/","title":{"rendered":"The Hindu Editorial Vocabulary\u2013 September 18, 2023; Day 471"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Difficult Word\/ Phrase<\/span><\/td>\nContextual Sense<\/span><\/td>\n<\/tr>\n
Worrisome\u00a0<\/span><\/td>\nNot reassuring; tending to cause anxiety<\/span><\/td>\n<\/tr>\n
Trade deficit\u00a0<\/span><\/td>\nAn excess of imports over exports<\/span><\/td>\n<\/tr>\n
Extrapolation\u00a0<\/span><\/td>\nAn inference about the future (or about some hypothetical situation) based on known facts and observations<\/span><\/td>\n<\/tr>\n
Resilient\u00a0<\/span><\/td>\nstrong enough to deal with illness, a shock, change, etc.<\/span><\/td>\n<\/tr>\n
Turmoil\u00a0<\/span><\/td>\nA violent disturbance<\/span><\/td>\n<\/tr>\n
Intangible\u00a0<\/span><\/td>\nnot having physical substance or intrinsic productive value<\/span><\/td>\n<\/tr>\n
Exacerbate\u00a0<\/span><\/td>\nMake worse<\/span><\/td>\n<\/tr>\n
Bridge\u00a0<\/span><\/td>\nto make the difference or division between two things smaller or less severe<\/span><\/td>\n<\/tr>\n
Elevate\u00a0<\/span><\/td>\nTake from a lower to a higher position<\/span><\/td>\n<\/tr>\n
Omen\u00a0<\/span><\/td>\nA sign of something about to happen<\/span><\/td>\n<\/tr>\n
Gloom\u00a0<\/span><\/td>\nA state of partial or total darkness<\/span><\/td>\n<\/tr>\n
Double-edged-sword\u00a0<\/span><\/td>\nsomething that has or can have both favourable and unfavourable consequences<\/span><\/td>\n<\/tr>\n
Gambit\u00a0<\/span><\/td>\nA tactic or manoeuvre intended to gain an advantage<\/span><\/td>\n<\/tr>\n
Lucrative\u00a0<\/span><\/td>\nProducing a sizeable profit<\/span><\/td>\n<\/tr>\n
Sticky\u00a0<\/span><\/td>\nHard to deal with; especially causing pain or embarrassment<\/span><\/td>\n<\/tr>\n
Dampen\u00a0<\/span><\/td>\nLessen in force or effect<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Testing times: On shrinking of India\u2019s goods exports<\/span><\/h2>\n

August\u2019s foreign trade numbers are <\/span>worrisome (Not reassuring; tending to cause anxiety)<\/b>, yet hold some hope\u00a0<\/span><\/h3>\n

India\u2019s goods exports shrank for the seventh consecutive time and the ninth time in 11 months this August, while imports surged to hit the highest level since March this year. At $58.6 billion, inbound shipments were still 5.2% below last August\u2019s levels, but exports fell by a relatively steeper 6.9%, leading to a $24.2 billion <\/span>trade deficit (An excess of imports over exports)<\/b> \u2014 the widest since October 2022. Goods exports are now down 11.9% so far this year and imports have dropped 12.1%. Services exports for last month will be known later, but Commerce Ministry <\/span>extrapolations (An inference about the future (or about some hypothetical situation) based on known facts and observations) <\/b>suggest that this engine that has been <\/span>resilient (strong enough to deal with illness, a shock, change, etc.) <\/b>so far through the global economic <\/span>turmoil (A violent disturbance)<\/b>, is also beginning to feel the heat. For now, the 0.4% drop expected in services exports in August is minor and with <\/span>intangible (not having physical substance or intrinsic productive value) <\/b>imports also likely dropping at a sharper pace, this will not <\/span>exacerbate (Make worse) <\/b>the trade balance yet. However, shrinking services exports imply that their ability to <\/span>bridge (to make the difference or division between two things smaller or less severe) <\/b>the goods trade deficits that were up sharply last year, will be restricted, thus raising the possibility of wider current account deficits from this quarter.<\/span><\/p>\n

 <\/p>\n

With global commodity prices rising around 12% from June levels to hit a 15-month high this month, the pressure on the goods trade deficit is likely to escalate, especially as oil and gems and jewellery imports have fallen less than their exports so far in 2023-24. In the first four months of this fiscal, about half the decline in outgoing shipments has been fuelled by petroleum despite volumes rising 6%, as prices fell 27%. This may change if global oil prices, which crossed $90 per barrel over the past week for the first time since November 2022, stay <\/span>elevated (Take from a lower to a higher position)<\/b>. Export volumes of as many as 13 major items rose between April and July, but their value had declined owing to lower prices. That is a good <\/span>omen (A sign of something about to happen) <\/b>about demand for Indian goods amid the <\/span>gloom (A state of partial or total darkness)<\/b>, and the government believes rising commodity prices will help trade tallies. But they could also be a <\/span>double-edged sword (something that has or can have both favourable and unfavourable consequences)<\/b> for India as its strategic <\/span>gambit (A tactic or manoeuvre intended to gain an advantage) <\/b>to import more Russian oil has turned less <\/span>lucrative (Producing a sizeable profit)<\/b>. Moreover, <\/span>sticky (Hard to deal with; especially causing pain or embarrassment) <\/b>inflation could further <\/span>dampen (Lessen in force or effect) <\/b>demand, especially in key markets such as the European Union, which just hiked interest rates to a record high. Inflation reheated in the United States last month, but not enough yet to dent festive demand that may lift order books in coming months. That engineering goods, which account for a quarter of India\u2019s exports, clocked their first uptick after eight months in August, with half of the 14 key segments of exports growing \u2014 the best performance in nine months \u2014 is a welcome sign. India needs to do all it can to nurture precious green shoots and support exporters.<\/span><\/p>\n

Want to improve your vocabulary further?\u00a0Download the Lists of Word-Meanings of Previous Months here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Difficult Word\/ Phrase Contextual Sense Worrisome\u00a0 Not reassuring; tending to cause anxiety Trade deficit\u00a0 An excess of imports over exports Extrapolation\u00a0 An inference about the future (or about some hypothetical situation) based on known facts and observations Resilient\u00a0 strong enough to deal with illness, a shock, change, etc. Turmoil\u00a0 A violent disturbance Intangible\u00a0 not having […]<\/p>\n","protected":false},"author":3,"featured_media":60887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[47],"tags":[139],"class_list":["post-60726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vocabulary","tag-editorials-difficult-words"],"yoast_head":"\nThe Hindu Editorial Vocabulary\u2013 September 18, 2023; 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tending to cause anxiety Trade deficit\u00a0 An excess of imports over exports Extrapolation\u00a0 An inference about the future (or about some hypothetical situation) based on known facts and observations Resilient\u00a0 strong enough to deal with illness, a shock, change, etc. Turmoil\u00a0 A violent disturbance Intangible\u00a0 not having…","_links":{"self":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts\/60726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/comments?post=60726"}],"version-history":[{"count":0,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/posts\/60726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/media\/60887"}],"wp:attachment":[{"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/media?parent=60726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/categories?post=60726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.practicemock.com\/blog\/wp-json\/wp\/v2\/tags?post=60726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}