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E-way bills moderate in Sep but remain among highest
Mint Mumbai
|October 05, 2023
September's e-way bills came in at 92 mn, compared with August's all-time high of 93.4 mn
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Generation of electronic permits for shipping goods within and across states in September moderated in tandem with softening factory orders but still remained one of the highest on record.
September’s e-way bills came in at 92 million, compared with August’s all-time high of 93.4 million, data from GSTN, the company that processes tax returns showed.
E-way bill generation has crossed 90 million-mark only twice before.
The moderation in e-way bill generation, a high-frequency indicator of economic activity, is in line with the mild signs of softening seen in manufacturing PMI and in railway freight in September.
Railway freight moderated 2.7% to 123.53 million tonnes in September from the month before, although it was a 6.7% improvement from the year-ago period.
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