QuantEco's DART (Daily Activity and Recovery Tracker) Index for week ending 21st Nov-21 scaled to a new post pandemic high of 117.3 (vs. baseline of 100 as of Mar-20).
Download ReportQuantEco DART Index Soars to a record high
For Q2 FY22, we are estimating GDP growth at 8.5%YoY (to be released on 30th Nov-21) on the back of a healthy sequential momentum led by waning of the COVID wave and easing of lockdown restrictions at the state level. The latest DART reading lends greater confidence of this impetus continuing into Q3 FY22, as validated by some of the high frequency indicators such as Google mobility, E-way bills, Core imports attaining new/pre-pandemic highs. The festive season boost to pent-up and vengeance demand remains at play enabled by the continuous drop in COVID cases along with progress on vaccination.