Our proprietary Daily Activity & Index Tracker (DART) Index for the Indian economy estimates economic activity to have dipped modestly*..
Download ReportQuantEco DART Index Economic activity records a modest dip
Our proprietary Daily Activity & Index Tracker (DART) Index for the Indian economy estimates economic activity to have dipped modestly* compared to last three weeks for the week ending 9th May-21. On a WoW basis, the index contracted by 5.3% compared to a contraction of 7.9% (revised lower from -7.1% earlier). Over the last one month, on a cumulative basis, the index has retraced by nearly 35% to levels last seen in Aug-20. Latest DART reading marks the 9th consecutive WoW decline - the longest streak since Mar/Apr-20 (five successive weekly declines but of much larger magnitude).
Progressively over the last 2 weeks in a bid to break the transmission of infections, larger number of states have announced stricter lockdowns with duration of lockdowns now running well into the third week of May-21 for several states. While we are hopeful that COVID infections could peak soon, but most curbs on economic activity are expected to remain in place up till the end of May-21 with unlocking likely Jun-21 onwards. As such, successive DART index readings will remain in contraction capturing further probable downside in activity.