Our proprietary DART (Daily Activity and Recovery Tracker) Index underscores a continued unlocking of economic activity with the index rising to its highest level in 10 weeks (at 82.7 vs. 78.3 a week ago) for the week ending 20th Jun-21. The index clocked an expansion for the fifth consecutive week, rising by 5.6%WoW. However, pace of improvement is seen to have given up some momentum compared to double-digit increments recorded over previous two weeks.
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Our proprietary DART (Daily Activity and Recovery Tracker) Index underscores a continued unlocking of economic activity with the index rising to its highest level in 10 weeks (at 82.7 vs. 78.3 a week ago) for the week ending 20th Jun-21. The index clocked an expansion for the fifth consecutive week, rising by 5.6%WoW. However, pace of improvement is seen to have given up some momentum compared to double-digit increments recorded over previous two weeks.
The calibrated opening up of states premised on COVID positivity rate at the district-level falling below 5% is allowing economic activity to normalize on a continuous weekly basis. Clearly, lifting off of restrictions has been much swifter in a decentralized structure compared to last year’s emergence from a stringent nationwide lockdown. As such, DART based economic activity has already reverted to the level seen just prior to lockdown 2.0 initiated by Maharashtra (first state to do so) in mid Apr-21. Adding to this optimism, the administration of a record ~8.5 mn jabs on 21st June, if sustained, will be the most potent support possible to economic recovery.