New Delhi, April 12
Electronic permits in India reached a record 124.5 million in the month of March, a 20 per cent increase on an annual basis, showing robust factory activity.
The sharp rise in India’s goods movement, which is 11.5 per cent more than February, means the domestic economy remains resilient, showed government data.
Electronic permits or e-way bills are used to ship goods within and across states. E-way bills are mandatory for the movement of consignments worth Rs 50,000 and more. A hike in E-way bills indicates higher movement of goods.
E-way bill generation has maintained an upward trajectory for 25 months, with March setting a new record. The electronic permits are mandatory for tracking the movement of goods across the country.
According to experts, the robust recovery in e-way bill generation suggests stabilisation of goods movement in the last quarter of last fiscal (FY25) underscores several positive developments, including increased manufacturing output, improved infrastructure and logistics efficiencies.
This also shows greater formalisation in the economy as compliance levels rise under the GST regime, they noted.