Our proprietary Daily Activity & Index Tracker (DART) Index for the Indian economy....
Download ReportQuantEco DART Index Economic activity weakens, albeit at a slower pace
Our proprietary Daily Activity & Index Tracker (DART) Index for the Indian economy basis high frequency indicators underscores a continued slowdown in economic activity, albeit at a slower pace for the week ending 2nd May-21. After contracting by over 10.0% in the preceding two weeks, the index eased by 7.1% on a WoW basis. Latest DART index marks the 8th consecutive WoW decline - the longest correction streak since Mar/Apr-20 (five successive weekly declines albeit of much larger magnitude).
Amidst rising COVID cases, Haryana and Odisha have now joined other states (of Maharashtra, Delhi and Karnataka) in opting for a near complete lockdown beginning first week of May-21. Meanwhile, a number of other states continue to restrict mobility via night/weekend curfews, curbs on recreation activities and gatherings. We expect continuing curbs on economic activity to weigh on successive DART readings, perhaps more moderately here on.