In a further corroboration of reviving economic activity, our proprietary DART (Daily Activity and Recovery Tracker) Index rose by 10.5%WoW in the week ending 13th Jun-21
Download ReportQuantEco DART Index Economic recovery consolidates
In a further corroboration of reviving economic activity, our proprietary DART (Daily Activity and Recovery Tracker) Index rose by 10.5%WoW in the week ending 13th Jun-21, albeit a tad softer vs. previous week’s pace of 13.1% (revised up from 12.8%) This marks the fourth consecutive week of economic activity on the mend, reversing nearly half of the dip recorded over mid-Mar-21 to mid-May-21 in tandem with the second wave of COVID infections
Amidst calibrated lifting of lockdown restrictions now underway in several states, subsequent DART readings should continue to trend higher. In an overarching view, we assess that states are undertaking a rather swift opening up of economic activities compared to 2020. As such, averting a third wave will critically hinge on maintaining COVID responsible behaviour and swifter pace of vaccinations. In the interim, trade-off between keeping guard up and regressing into restrictions will be a real threat for Q2 FY22.