Our proprietary Daily Activity & Index Tracker (DART) Index for the Indian economy indicates a third consecutive weekly expansion in economic activity for the week ending 6th Jun-21, further cementing the turn around from last week. On a WoW basis, index rose by 12.4% compared to upwardly revised previous week’s change of 5.6% (4.8% earlier).
After a near 45% cumulative contraction over Apr-May-2021, the months of Jun-Jul 2021 appear well placed to reverse and revert the trend. With continued ebbing of COVID infections making a case for progressive easing of lockdown restrictions, something that is already underway in major cities of Delhi and Mumbai, recovery in economic activity is expected to slowly pickup as larger number of states begin to ‘unlock’. However, the pace of easing must be cautious and guarded to avoid any regressions.
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