QuantEco's DART (Daily Activity and Recovery Tracker) Index for week ending 28th Nov-21 slipped marginally (to 115.6) from previous week's fresh post pandemic high of 116.8 (vs. baseline of 100 as of Mar-20).
Download ReportQuantEco DART Index Recovery intact in Nov-21
Looking beyond Q2 FY22, DART index continues to affirm the recovery continuing into the months of Oct-21 and Nov-21, with fresh post-pandemic highs. This is also reinforced by our Payments Tracker recording a sequential expansion in Nov-21 (see details on next slide). The festive season boost to pent-up and vengeance demand has been supportive amidst the continuous drop in COVID cases and step-up in vaccinations. Taking on board higher than market consensus GDP outcome in Q2, we are comfortable holding on to our FY22 GDP growth estimate at 10% with mild downside risks. Spill over risks from the new virus mutation i.e., spread of the Omicron (and its potential economic fallout) and global energy crisis though remain on active watch.