Quick Summary
Electronic permits for transporting goods within and across states (e-way bills) shot up to a record high of over 84 million in September, signalling a strong boost to economic activity in the festive season. The increase in e-way bills also points to further improvement in goods and services tax (GST) receipts in October. GST revenue receipts in October will be reported on 1 November. Official data available from Goods and Service Tax Network, the non-profit company that processes GST ret
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FAQ :
An e-way bill is an electronic permit required for the transportation of goods within and across states in India.
Over 84 million e-way bills were generated in September 2022, setting a new record.
The increase in e-way bills suggests a strong boost to economic activity, especially during the festive season, and points towards improved GST receipts.
The rise is attributed to strong festive demand, improved GST compliance due to tax authorities' tracking of economic activities, and a pickup in manufacturing output.
Manufacturing PMI data for September indicated an improvement, with companies increasing production in response to sustained new work intakes, showing a solid rate of growth.
Yes, there are concerns about rural demand due to unseasonal rains impacting farm output and leading to a spike in vegetable prices.
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