The Hindu Editorial (​​New reality) – Mar 03, 2026

To read this article, click  “The Hindu”.

This preview is provided here with permission.

Courtesy: The Hindu

The Hindu Editorial (​New reality) – Mar 03, 2026:

1. new reality (noun) – a recently emerged state of affairs or set of circumstances that must now be accepted and dealt with; current paradigm, updated situation, changed environment, new normal.
2. national accounts data (noun) – comprehensive statistical records that represent the economic activity and financial health of a nation; macroeconomic statistics, national financial records, economic metrics, national economic indicators.
3. fiscal (adjective) – relating to government revenue, especially taxes; financial, economic, monetary, budgetary.
4. realign (verb) – reorganize, adjust, alter, modify.
5. heartening (adjective) – hopeful, optimistic, encouraging, promising, reassuring, uplifting.
6. key (adjective) – crucial, vital, essential, pivotal.
7. highlight (verb) – emphasize, draw attention to, underline, accentuate.
8. merit (verb) – deserve, warrant, justify, earn.
9. policy attention (noun) – focus or consideration given by government or organizational decision-makers to a specific issue; governmental consideration.
10. base year (noun) – the first of a series of years in an economic or financial index, serving as a reference point for comparison; reference year, starting point, benchmark year, standard year.
11. Gross Domestic Product (GDP) (noun) – the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period; overall economic output, national income.
12. Gross Value Added (GVA) (noun) – an economic productivity metric that measures the contribution of a corporate sector or municipality to an economy; total value output, sector contribution.
13. long-overdue (adjective) – having been needed or expected for a long time; delayed, belated, overdue, tardy.
14. outdated (adjective) – obsolete, outmoded, antiquated, old-fashioned.
15. unrepresentative (adjective) – atypical, anomalous, disproportionate, untypical.
16. robustness (noun) – the quality or condition of being strong and in good condition; strength, sturdiness, toughness, resilience.
17. adoption (noun) – implementation, application, acceptance, utilization.
18. double-deflator (noun) – an economic statistical method used to compute real value added by deflating the value of gross output and the value of intermediate inputs separately.
19. account for (phrasal verb) – constitute, comprise, make up, form.
20. inflation (noun) – a general increase in prices and fall in the purchasing value of money; price rise, rising prices, price escalation, economic devaluation.
21. marked (adjective) – clearly noticeable or evident; distinct, pronounced, noticeable, obvious.
22. in terms of (phrase) – with regard to; regarding, concerning, with respect to, as regards.
23. ascertain (verb) – determine, find out, establish, discover.
24. proportionately (adverb) – relatively, correspondingly, proportionally, commensurately.
25. sectoral (adjective) – relating to the various economic sectors of a society or to a particular sector; divisional, segmental, departmental, zonal.
26. accuracy (noun) – precision, correctness, exactness, fidelity.
27. household (noun) – a house and its occupants regarded as a unit; family, family unit, occupants, house.
28. Annual Survey of Unincorporated Sector Enterprises (ASUSE) (noun) – a survey conducted to collect comprehensive data on the unorganized non-agricultural sector in India.
29. Periodic Labour Force Survey (PLFS) (noun) – a survey launched to estimate key employment and unemployment indicators in India.
30. rely on (phrasal verb) – depend on, bank on, count on, lean on.
31. extrapolation (noun) – the action of estimating or concluding something by assuming that existing trends will continue; estimation, projection, prediction, calculation.
32. notably (adverb) – particularly, significantly, remarkably, especially.
33. goldmine (noun) – a source of wealth, valuable information, or resources; rich source, treasure trove, repository, wealth.
34. quantify (verb) – measure, calculate, compute, determine.
35. vast (adjective) – of very great extent or quantity; immense, huge, massive, extensive.
36. informal sector (noun) – the part of any economy that is neither taxed nor monitored by any form of government; unorganized sector, undocumented economy, shadow economy, grey economy.
37. yield (verb) – produce, provide, generate, supply.
38. picture (noun) – a situation or state of affairs; situation, scenario, context, circumstances.
39. new series (of national accounts data) (phrase) – the recently revised methodology and base year for calculating a country’s macroeconomic indicators; updated statistics, revised economic data, fresh accounts, modernized metrics.
40. old series (of national accounts data) (phrase) – the previous methodology and base year used for calculating macroeconomic indicators; outdated statistics, previous economic data, prior accounts, obsolete metrics.
41. predict (verb) – forecast, foresee, foretell, project.
42. current (adjective) – present, ongoing, present-day.
43. cheer (noun) – a feeling or expression of optimism, joy, or encouragement; optimism, joy, happiness, gladness.
44. absolute size (noun) – the exact scale, magnitude, or extent of something without comparison to other factors; exact scale, true magnitude, total proportion, definitive extent.
45. absolute (adjective) – total, complete, utter, definite.
46. sobering (adjective) – making one feel serious and thoughtful; serious, solemn, thought-provoking.
47. peg at (phrasal verb) – fix, set, hold, establish.
48. depreciation (noun) – a reduction in the value of an asset over time, due in particular to wear and tear; devaluation, reduction in value, cheapening, drop in price.
49. commitment (noun) – responsibility, obligation, pledge, duty.
50. lower (verb) – reduce, decrease, diminish, cut.
51. fiscal deficit (noun) – a shortfall in a government’s income compared with its spending; financial shortage, budgetary shortfall, economic deficit, revenue shortfall.
52. debt (noun) – a sum of money that is owed or due; liability, financial obligation, arrears, dues.
53. peg to (phrasal verb) – link to, attach to, bind to, tie to.
54. nominal (adjective) – relating to the value of an economic variable unadjusted for inflation; unadjusted, stated, expressed, absolute.
55. that said (phrase) – even so or despite what has just been said; nevertheless, however, nonetheless, yet.
56. blithely (adverb) – casually, indifferently, unconcernedly, carelessly.
57. forge (verb) – advance, proceed, build, construct.
58. decade-old (adjective) – having existed or been in place for (ten) years; ten-year-old, long-standing, aged.
59. metric (noun) – a standard of measurement used for evaluation; measure, standard, benchmark, yardstick.

1. Click each one of the words above for their definition, more synonyms, pronunciation, example sentences, phrases, derivatives, origin and etc. from http://www.oxforddictionaries.com/.

2. Definitions (elementary level) & Synonyms provided for the words above are my personal work and not that of Oxford University Press. Tentative definitions/meanings are provided for study purposes only and they may vary in a different context.  

3. This word list is for personal use only. Reproduction in any format and/or Commercial use of it is/are strictly prohibited.

The Hindu Editorial (​​New reality) – Mar 03, 2026: