The Hindu Editorial Vocabulary 30th September 2024

The Hindu Editorial Vocabulary 30th September 2024 is an effective tool for regularly learning new words and their contextual meanings. Candidates can utilize this free resource daily to improve their vocabulary knowledge, especially those preparing for government exams like the IBPS PO, SBI Clerk, SSC, and Others.

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Demand flux: On growth dynamics

-Growth dynamics may falter with waning urban consumption

India’s resounding 8.2% GDP growth in 2023-24 came with two worrying portents (signs of future events). The farm sector lost momentum due to an unhelpful monsoon, and private consumption spends rose at less than half the economy’s pace. In fact, the 4% growth in private final consumption expenditure (PFCE) was the weakest since 2002-03, if one excludes 2020-21, when COVID-19 first hit the world. Of course, some of this stemmed from the farm sector’s rain woes that weighed down rural demand, while economists flagged a K-shaped (showing unequal recovery between different groups) consumption pattern of higher-end goods and services seeing greater offtake than the rest. A normal monsoon this year, it was hoped, would help the farm sector and rural demand rebound, and shore up overall consumption to levels that spur growth as well as hasten an uptick (increase) in industrial capacity utilisation (the percentage of available production capacity being used) rates to thresholds that compel private investors to ramp up. This much-awaited outcome is vital for the virtuous cycle (a chain of positive events reinforcing each other) of more investments leading to more jobs and higher consumption to kick in.

Growth numbers for the first quarter suggested this story was playing out, with the PFCE rising at a seven-quarter high of 7.4%, outpacing the 6.8% GDP uptick (increase). Rural demand signals such as two-wheeler sales also perked up (became more active or lively). India Ratings reckons that real rural wage growth turned positive in July and is expected to stay positive, aided by cooling inflation. This bodes well (is a good sign) for consumption. However, a twist in this tale may be imminent, with urban demand beginning to show some fatigue (weariness or decline). Last Tuesday, S&P Global Ratings, which expects India to grow 6.8% this year (lower than the 7.2% rise penned in by the Reserve Bank of India), said high interest rates are tempering (reducing or moderating) urban demand. The RBI’s consumer confidence survey for July shows a turn in the tide, with current and future confidence levels of urban buyers dropping. The Finance Ministry has taken note too, pointing to a dip in passenger vehicle sales through April to August as a barometer of stuttering (faltering or slowing) urban demand. The trend warrants monitoring, it said, while expressing hope that festive fervour (intense excitement) could trigger a course reversal. With wallets crimped (restricted or limited) by persistently high food inflation (that also clouds rate cut hopes), the ability of urban Indians to create room for discretionary spends through the festive season and beyond would be critical for growth as well as the virtuous private investment cycle. With global oil prices turning benign (favorable or mild), the Centre must consider passing through the reduced costs to consumers, and cut levies embedded into retail fuel prices. A substantive fuel price cut, as opposed to the token (symbolic or minimal) two rupees of relief per litre unveiled this March, can support demand in the economy.

Hindu Vocab Wordlist 30th September 2024

Upskill yourself and enhance your vocabulary knowledge. Candidates should begin learning new words daily with Hindu Editorial Vocabulary on 30th September 2024.

1. Portents – (noun) signs or warnings that something significant or disastrous is likely to happen.
2. Consumption – (noun) the act of using, eating, or buying goods and services.
3. Spur – (verb) to encourage an activity or increase it quickly.
4. Virtuous – (adjective) having or showing high moral standards.
5. Fatigue – (noun) extreme tiredness resulting from mental or physical exertion.
6. Temper – (verb) to moderate or soften something.
7. Barometer – (noun) something that reflects changes in circumstances or opinions.
8. Stuttering – (verb) happening in fits and starts, or not smoothly.
9. Fervour – (noun) intense and passionate feeling.
10. Benign – (adjective) gentle, not harmful or severe.

Hindu Vocab Master 30th September with Synonyms & Antonyms

Here are the synonyms and antonyms of all the difficult words in Hindu Vocab Master for 30th September 2024.

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