The Hindu Editorial Analysis : 31st January 2024

The Hindu Editorial Analysis

The Importance of Reading The Hindu Editorial: Reading The Hindu newspaper has several benefits, including improving reading skills, facilitating comprehension, staying informed of current events, enhancing essay writing, and more. For individuals aiming for a career in banking, reading editorials is crucial for vocabulary building. In this article, we will examine today’s editorials, provide practice questions, and highlight important vocabulary words.

10 years review of the economy: Finance Ministry

• Time for presenting the interim budget for 2024-25 is nearly close but before that, the Finance Ministry has come up with a 10 year review of the Indian economy from 2014 to 2024.
• We can also say this review serves as a proxy to the annual economic survey.
• According to the review, the country’s GDP growth will stay close to 7% in the years of 2024-25 and there are high chances that the GDP will grow above 7% by 2030.
• This year India’s economy hit $3.7 trillion and according to the review in the next three years India is going to become the third largest economy with a $5 trillion economy, further It could hit the $7 trillion mark by 2030.
• There are two phases of the Indian economy growth story- first 1950-2014 and second is 2014 which is also called “the decade of transformative growth” according to the review.
• The review also states that when the Prime Minister Narendra Modi came into power, the Indian economy was far from encouraging.
• Some structural constraints like a large informal sector, ill targeted subsidies and high inflation had grappled with the growth of the economy.
• After the introduction of post 2014 Reforms, the country’s economy has restored its ability to grow stronger and healthier and made India one of the fastest growing economies in the G20 Nations.
• According to the review, India’s economy will grow at 7% when the world is growing at 2%. If we take the same quantitative equation, India could achieve 8-9% growth when the world grows at 4%.
• The twin balance sheet problem during the period of UPA has been changed into an advantage according to the review because it must convert into the strong power of private investments revival.
• Even with all optimistic estimates of the review, India still needs to grow faster to provide jobs to the youth of India.

Important Questions:

1. What are some main details in the 10 years review of the Indian economy by the Finance Ministry?
2. Explain your reasoning on the statement- India is going to be the third largest economy in the next three years.

Important vocabs:

• Bonhomie– cheerful friendliness; geniality.
• Awash– covered or flooded with water, especially seawater or rain.
• Apposite– apt in the circumstances or in relation to something.
• Kindred– one’s family and relations.
• Befitting– appropriate to the occasion.
• Lays bare– to reveal or uncover private information or feelings
• Rein in– to limit or control (someone or something

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