The Hindu Editorial (The growth dichotomy) – Nov 14, 2023

In September, the Index of Industrial Production or IIP rose 5.8%, almost half the 14-month-high 10.3% growth in August. Most economists anticipated a 7% to 8% uptick in the month that marks,... For further reading, visit “The Hindu”. Below is today’s word list-1 for The Hindu Editorial (The growth dichotomy) – Nov 14, 2023.

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The Hindu Editorial (The growth dichotomy) – Nov 14, 2023:

dichotomy (noun) – a division/separation/partition of something (ideas, things, groups, or etc.) into two parts that are either entirely different from each other or completely opposite to each other; duality, polarity.
Index of Industrial Production (IIP) (noun) – a composite (combined/complex) indicator that measures the changes in the volume of production of a basket of industrial products during a given period with respect to the volume of production in a chosen base period.
index (noun) – an (economic) data figure reflecting something (e.g. price/quantity) compared with a standard or base value; pointer, indicator.
slowdown (noun) – economic decline, recession, slump/depression.
anticipate (verb) – expect, predict, foresee, forecast, foretell.
uptick (noun) – a small increase or upward trend.
mark (verb) – show, indicate, represent, denote.
onset (noun) – start, beginning, arrival.
packed (adjective) – filled, overloaded, overcrowded, overfull.
drop (noun) – decrease, reduction, decline, slump, depreciation.
year-on-year (adjective) – year over year (for comparison).
drop (verb) – fall, sink, slip, go down, decrease.
month-on-month (adjective) – used to compare data for one month with that in previous months.
clock (verb) – register, record; attain, achieve.
contraction (noun) – In economics, it refers to a decline in national output as measured by gross domestic product.
apparel (noun) – clothes, clothing, garments, dress, attire.
sequential (adjective) – happened in sequence/order/succession; consecutive, subsequent, successive, continuous.
belie (verb) – fail to justify; fail to fulfil (a hope/expectation); contradict, prove to be false, disprove, falsify.
ramp up (phrasal verb) – increase (in amount or number).
inventory (noun) – all the items, goods, merchandise, and materials held by a business/firm for selling in the market to earn a profit; a complete list of items (in stock).
in anticipation (phrase) – expecting something will happen; in preparation for something.
lack of confidence (noun phrase) – disquiet, doubt, misgiving, suspicion, uncertainty.
impulse (noun) – urge, need, drive, desire; stimulus, fillip, impetus.
reflect (verb) – indicate, show, display, demonstrate, reveal, exhibit.
consumer durables (noun) – manufactured products/goods (such as TV, fridge, AC, motorbike, car & etc) which last for an extended period of time.
consumer non-durables (noun) – products/goods (such as food, clothing, fuel, etc.) which are produced for immediate use and frequently replaced by the consumer.
on top of (phase) – in addition to, besides, as well.
sequentially (adverb) – in succession, successively, continuously.
broadly (adverb) – in general, on the whole, commonly, generally.
small-ticket (noun as modifier) – having a relatively low price; inexpensive.
fell past tense of fall (verb) – decrease, decline, lessen, drop, slump, plummet.
perhaps (adverb) – maybe, possibly.
quarter (noun) – a period of three months (considered as one-fourth of a year).
lift (verb) – raise, increase, improve, buoy up.
weigh in (phrasal verb) – to have influence (in a decision/discussion/plan/argument/activity); be important to, carry weight, make an impression on, make a contribution to.
central bank (noun) – the banking regulator of a county’s banking system. (e.g. The Reserve Bank of India (RBI) is the central bank of India).
Gross domestic product (GDP) (noun) – a measure of economic activity in a country. It is the total value of a country’s annual output of goods and service.
outpace (verb) – surpass, exceed, be more than.
projection (noun) – opinion, surmise, notion, guesswork, supposition; prediction, indication, forecast, speculation, prognosis, calculation (of future events or trends).
splice (verb) – join, unite, connect, tie, interweave.
asymmetry (noun) – non-uniformity, unevenness, lopsidedness, imbalance, disproportion; disconnectedness, disunity, discordance, incoherence, disorganization.
fork in the road (phrase) – (figuratively) a deciding moment/point where a decision, one of two possibilities, has to be made.
lie (verb) – exist, be located, be present, be situated.
by/in contrast (phrase) – when compared to another.
resilient (adjective) – able to recover quickly from difficulties/problems, quick to bounce back; adaptable, flexible; strong, sturdy.
infrastructure (noun) – the basic physical or organisational structure or framework that a country or organization needs in order to function properly. For a whole nation, it includes all the physical systems such as buildings, roads & railways networks, utilities, etc.
capital goods (noun) – capital goods are man-made, durable items that businesses use to produce goods and services. They include tools, buildings, vehicles, machinery, and equipment. Capital goods are also called durable goods, real capital, and economic capital.
public (adjective) – government.
capital spending/capital expenditure (CAPEX) (noun) – the money spent on the acquisition of assets like land, buildings, machinery, equipment, as well as investment in shares.
inflation (noun) – simply meaning “cost of living”; increase of price level of goods & services and vice versa decrease of currency value.
eat into (phrasal verb) – use up, utilize, absorb, consume, exhaust, drain, deplete.
all but (phrase) – nearly, almost, practically, more or less.
propensity (noun) – tendency, inclination, predisposition, readiness, disposition.
going forward (phrase) – in the future.
front-load (verb) – allocate a major portion of (something) at the beginning.
moderate (verb) – reduce, lower, decrease, lessen, weaken.
likely (adverb) – probably, presumably, potentially, doubtlessly.
volatility (noun) – unpredictability, instability, unreliability.
tide (noun) – movement; trend, tendency, course of events.
ebb (verb) – diminish, decrease, fade away, disappear; it also means recede, retreat, flow back, go out.
fragile (adjective) – vulnerable, risky, unreliable, insecure.
watch (verb) – observe, follow, monitor, look at, keep an eye on.