Daily Editorial Cloze Test Quiz – 48

Editorial Cloze Test Quiz

India’s economy continues to decelerate with the government’s estimate for first-quarter gross domestic product _______(1)________growth at a 13-quarter low of 5.7% in April-June. The reasons for the protracted slowdown — a slide of five straight quarters from 9.1% in March 2016 — are many and varied. But there is little doubt that the demonetisation exercise combined with the uncertainty _______(2)________the July 1 adoption of the new indirect tax regime served to significantly dampen economic activity. While the GST-related “inventory deaccumulation” that Chief Statistician T.C.A. Anant referred to may well be reversed in the current quarter as companies across sectors gain comfort with the new tax regime, it is still doubtful whether demand for industrial output is going to ______(3)_______any meaningful strength. The Reserve Bank of India last month said that its industrial outlook survey had “revealed a waning of optimism in Q2 about demand conditions across parameters and especially on capacity utilisation, profit margins and employment.” A look at the sector-specific trends ______(4)_______that manufacturing expansion in gross value added (GVA) terms has slackened to a near stall at 1.2%. This, from 5.3% in Q4 of the last fiscal and 10.7% a year earlier, is a far from heartening sign. With capacity utilisation expected to weaken this quarter, according to the RBI, and with surveys suggesting that consumer sentiment has deteriorated steadily in August, the auguries for a demand ________(5)_________are far from promising.


Editorial Cloze Test Quiz

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