Directions: In the following passage, some words have been deleted. Select the most appropriate option to fill in each blank.
India’s gross domestic product (GDP) is reckoned to have ___(1)___ 8.7% while the Gross Value Added (GVA) rose 8.1% in 2021-22, as per national income estimates released on Tuesday. Coming on the back of the sharp ___(2)___ in economic activity due to the COVID-19 lockdowns in 2020-21, when GDP crashed 6.6% and GVA by 4.8%, the latest numbers show India is emerging out of the tunnel of pandemic-induced woes. The overall GDP and GVA have indeed ___(3)___ from pre-pandemic levels, but only just, by 1.5% and 2.9%, respectively. Remember that growth had already been on a ___(4)___ decline through 2019-20 even before the lockdowns of 2020 — with GDP growing just 3.7%. The Government’s ___(5)___ that the data establish a ‘full economic recovery’ is not entirely true. For one, it is not a V-shaped recovery, with GVA from job-creating sectors (trade and hotels) still 11.3% below 2019-20’s low ___(6)___. This has ___(7)___ the services sector, as a whole, in line with pre-COVID levels, not above. While GVA from industry is up 6.7% over 2019-20, another job-creating sector, construction, is up only 3.4%, while mining has grown a ___(8)___ 1.9% over the two-year period. Manufacturing ___(9)___ the industry GVA, growing 9.3% from 2019-20 levels, but there are cracks on that front — the January to March 2022 quarter (Q4 of 2021-22) recorded a 0.2% contraction, year-on-year. Overall GDP growth ___(10)___ to a four-quarter low of 4.1% in Q4, down from 5.4% in Q3, evoking flashbacks of the 2019-20 slowdown and raising concerns about the trajectory going forward.