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Getting back on the growth track

A big push on private investment is needed. But social harmony is also a prerequisite for faster growth.

The National Income numbers for 2016-17 have been released. What do they convey? What do they hold for the immediate future? Briefly, this is the picture. Recent revisions in the Index of Industrial Production and Wholesale Price Index do not alter the annual growth rates for the recent years.

The differences are in one or two decimal points. The growth rate for 2015-16 is estimated at 8%. The growth rate for 2016-17 is 7.1%, which is the same as forecast a few months ago.

Impact of Demonetisation

It is the numbers for the fourth quarter of 2016-17, that is, for the quarter January-March 2017, which has attracted much attention. The numbers are being scanned with a critical eye to know what impact demonetisation had on the economy. The overall growth rate of GDP is 6.1%, which is nearly 1% below the growth rate for the previous quarter at 7%. The year-on-year decline is, however, steep. Source : THE HINDU

IMPORTANT WORDS FOR ARTICLE & THEIR MEANING

1) Halted (रुका) - Haw-lt-edMeaning - bring or come to an abrupt stop - Verb
Synonyms 
- adjourn, deter
Antonyms - advance, allow
Example -
 The trial was halted after the first week.
2) Naive (अनुभवहीन) - Naa-eveMeaning - (of a person or action) showing a lack of experience, wisdom, or judgement - Adjective
Synonyms 
- innocent, artless
Antonyms - aware, lerry
Example -
 Their view was that he had been politically naive.
3) Augment (बढ़ाना) - Aug-mentMeaning - make (something) greater by adding to it, increase - Verba vowel prefixed to past tenses of verbs in Greek and certain other Indo-European languages - Noun
Synonyms - 
amplify, develop
Antonyms - condense, reduce
Example - 
Any surplus was sold to augment their income.
4) Decipher (पढ़ना) - De-saay-pherMeaning - convert (a text written in code, or a coded signal) into normal language - Verb
Synonyms 
- analyze, decode
Antonyms - conceal, confuse
Example - 
The more you try to decipher the more confusing it becomes.
5) Disruptive (हानिकारक) - Dis-rup-tiveMeaning - causing or tending to cause disruption - Adjective
Synonyms - 
rowdy, unruly
Antonyms - calming, settling
Example - 
Night work can be very disruptive to home life.
6) Hovered (होवर) - Haw-ver-edMeaning - remain in one place in the air - Verb
Synonyms - 
flicker, flutter
Antonyms - rest, settle
Example - 
She hovered uncertainly near the front door.
7) Embark (चढ़ना, शुरू करना) - Im-barkMeaning - begin (a course of action) - Verb
Synonyms - 
commence, launch
Antonyms - cease, end
Example - 
Passengers with cars must embark first.
8) Adhering (पालन) - Ad-here-ingMeaning - stick fast to (a surface or substance) - Verb
Synonyms - 
comply, heed
Antonyms - disobey, ignore
Example - Adhering
 to the new rules meant inflicting serious damage on motor racing.
9) Rift (दरार) - Rif-tMeaning - a crack, split, or break in something - Noun
form fissures or breaks, especially through large-scale faulting, move apart - Verb
Synonyms - breach, fissure
Antonyms - closing, solid
Example (English) - After Virat Kohli-Anil Kumble ‘rift’, Virender Sehwag applied for India coach post.
Example (Hindi) - विराट कोहली-अनिल कुंबले के 'अनबन' के बाद, वीरेंद्र सहवाग ने भारतीय कोच पद के लिए आवेदन किया।
Now considering the article above as a Reading Comprehension question, try to answer the following -
  • What are the positive effects of demonetization?
  • How Will Demonetization Affect Business in India in 2017?
Given below are some words to check your vocabulary you can make sentences with those words in the comment section which will be reviewed by us.
  • Crunch
  • Consequent
  • Modest
  • Sustained
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