The Hindu Editorial (Unwelcome surge) – Jul 03, 2026
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The Hindu Editorial (Unwelcome surge) – Jul 03, 2026:
- unwelcome (adjective) – not wanted or welcome; uninvited, undesirable, unwanted, unpleasing.
- surge (noun) – a sudden and significant increase in something; rise, jump, upswing, escalation.
- buoyancy (noun) – a high level of activity, growth, or resilience in an economy or market; resilience, vigor, vitality, robustness; high level of activity, growth, development, progress, improvement, vigour/strength.
- GST (Goods and Services Tax) (noun) – an indirect broad-based consumption tax levied on the supply of goods and services in India.
- spur (verb) – drive, propel, prompt, stimulate.
- imported inflation (noun) – a general and sustainable price increase due to an increase in the costs of imported products; import-driven inflation, foreign-sourced inflation, cross-border inflation.
- inflation (noun) – a general increase in prices and fall in the purchasing value of money; price rise, price escalation, cost of living increase.
- year-on-year (adjective) – comparing the data of one period with the data of the corresponding period in the previous year.
- drive (verb) – to propel, carry along, or cause a particular trend or event; propel, prompt, cause, fuel.
- largely (adverb) – mostly, mainly, primarily.
- import IGST (noun) – the specific statistical figure representing the Integrated Goods and Services Tax collected on goods brought into the country.
- surge (verb) – to increase suddenly and strongly; rise, jump, escalate, skyrocket.
- modest (adjective) – relatively moderate, limited, or small in amount, rate, or level; moderate, fair, acceptable, satisfactory.
- suggest (verb) – indicate, signify, denote, point to.
- owe (verb) – to have something as a result of a particular cause or factor; attribute to, ascribe to, accredit to, put down to.
- broad-based (adjective) – wide-ranging, general, comprehensive, inclusive.
- value addition (noun) – enhancement, improvement, augmentation, value increment.
- reflect (verb) – indicate, reveal, manifest, show, display, demonstrate.
- capital goods (noun) – goods that are used in producing other goods, rather than being bought by consumers.
- industrial inputs (noun) – raw materials, components, and supplies used in the manufacturing process; raw materials.
- however (adverb) – nevertheless, nonetheless, yet, conversely.
- eight core industries (noun) – the critical sectors of the Indian economy (coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity) that form the backbone of industrial activity.
- point to (phrasal verb) – indicate, suggest, denote, signal.
- rather (adverb) – fairly, somewhat, considerably.
- crude (noun) – unrefined petroleum before it has been processed; raw oil, unrefined petroleum, fossil fuel, crude oil.
- constitute (verb) – make up, form, compose, account for.
- merchandise (noun) – goods that are bought and sold in trade; goods, commodities, products.
- by value (phrase) – measured in terms of monetary worth rather than quantity or volume; financially, in monetary terms, worth-wise, cost-wise.
- chunk (noun) – a significant amount or part of something; portion, part, piece, share.
- nearly (adverb) – almost, practically, approximately, roughly.
- hedging (noun) – the practice of protecting oneself against financial loss or other adverse circumstances by making alternative investments; safeguarding, protecting, shielding, insuring.
- rather than (phrase) – instead of, as opposed to, in place of, more than.
- stem (verb) – to stop or restrict the flow or growth of something; stop, halt, restrict, curb.
- likely (adverb) – probably, presumably, supposedly, arguably.
- add to (phrasal verb) – increase, amplify, augment, boost.
- kitty (noun) – a fund of money reserved for communal use or a specific purpose; fund, reserve, pool, collection.
- coincide with (phrasal verb) – happen simultaneously, occur simultaneously, concur with, synchronize with.
- depreciate (verb) – to diminish in value over a period of time, especially referring to currency; decrease in value, lose value, devalue, weaken.
- couple with (phrasal verb) – combine with, integrate with, connect with, link with.
- spike (noun) – a sudden, sharp increase; surge, rise.
- freight (noun) – goods transported in bulk, or the charge for transporting such goods; cargo, load, consignment, shipping.
- elevated (adjective) – raised, high, inflated, heightened.
- mechanically (adverb) – automatically, involuntarily, instinctively, reflexively.
- tax base (noun) – the total amount of income, property, assets, or economic activity subject to taxation; taxable value, tax source, taxable income, tax bracket.
- currency depreciation (noun) – a fall in the value of a country’s currency in a floating exchange rate system; devaluation, cheapening, loss of value, currency fall.
- due to (phrase) – because of, owing to, as a result of, thanks to.
- read (verb) – to look at and comprehend the meaning of something in a specific context; interpret, understand, construe, perceive.
- alongside (preposition) – in addition to something else; beside, next to, together with, along with.
- expand (verb) – grow, increase, enlarge, swell.
- corresponding (adjective) – equivalent, related, matching, comparable.
- appear (verb) – to seem or give the impression of being a certain way; seem, look, show.
- subdued (adjective) – sluggish, quiet, or lacking intensity in economic terms; quiet, muted, restrained, sluggish.
- expectedly (adverb) – in a way that was thought likely to happen; unsurprisingly, predictably, naturally, inevitably.
- crude oil (noun) – naturally occurring, unrefined petroleum composed of hydrocarbon deposits; fossil fuel, raw oil, black gold, petroleum.
- natural gas (noun) – flammable gas, consisting largely of methane, occurring naturally underground and used as fuel; fossil fuel, methane, combustible gas, hydrocarbon gas.
- refinery (noun) – an industrial installation where raw materials like crude oil are processed and purified; processing plant, purifying plant, refining facility, processing unit.
- fertilizers (noun) – a chemical or natural substance added to soil or land to increase its fertility; manure.
- Purchasing Managers’ Index (PMI) (noun) – Purchasing Managers’ Index or PMI is an economic indicator, which is derived after monthly surveys of different companies. The index shows trends in both the manufacturing and services sector. The index helps in determining whether the market conditions, as seen by purchasing managers, is expanding, contracting or staying the same. It is used to provide information regarding the current and future business conditions.
- reading (noun) – a figure or amount shown; measurement, figure, record, result.
- likewise (adverb) – in the same way, or similarly; similarly, equally, correspondingly, also.
- moderate (verb) – ease, lessen, decrease, diminish.
- mark (verb) – indicate, signify, represent, denote.
- figures (noun) – numbers, statistics, digits, data.
- come as (phrasal verb) – to be perceived, received, or regarded in a particular way; appear as, seem like, emerge as, serve as.
- destination-based (adjective) – a principle of taxation where the tax is levied where the consumption of goods and services takes place, rather than where they are produced; consumption-based, endpoint-taxed, consumer-end, usage-based.
- indirect tax (noun) – a tax levied on goods and services rather than on income or profits.
- compliance (noun) – adherence, conformity, observation, obedience.
- formalisation (noun) – the process of bringing informal economic activities into the formal sector; systematisation, regulation, standardisation, structuring.
- input tax credit (ITC) (noun) – under the Goods and Services Tax (GST) system, it allows businesses to reduce their tax liability when they sell products by claiming credit for the tax paid on purchases.
- litigation (noun) – legal proceeding, lawsuit, legal dispute, judicial proceeding.
- federal balance (noun) – the equitable distribution of powers, responsibilities, and financial resources between the central government and state governments in a federal setup; centre-state equilibrium, federal equilibrium, fiscal federalism, cooperative federalism.
- remain (verb) – to continue to exist in a particular condition or state; stay, endure, persist, continue.
- unresolved (adjective) – not resolved or finalized, especially of a problem or dispute; unsettled, undetermined, pending, open.
- strengthen (verb) – fortify, bolster, reinforce, harden.
- architecture (noun) – structure, framework, design, setup.
- growing (adjective) – increasing, expanding, rising, mounting.
- underwrite (verb) – to support financially, guarantee, or be the underlying cause or sponsor of something; guarantee, sponsor, support, insure.
- domestic value addition (noun) – the process of increasing the economic value of goods or services within a country’s borders before export or consumption.
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