E-Way Bills Soar in December, Reaching the Second-Highest Level in Two Years

E-way bill generation in December 2024 hit 112 million, marking a 17.6% year-on-year rise and the second-highest in two years. This increase signals a boost in economic activity and is expected to have a favorable effect on GST collections for January 2025.

In December 2024, e-way bill generation reached 8.8 crore, marking the second-highest level in two years and signaling a robust recovery in India's economy. This represents a 9.3% increase from November 2024 and a 7.4% rise compared to December 2023, reflecting heightened economic activity, particularly in transportation and trade.

Key Highlights:

E-Way Bill Growth: December 2024 saw 8.8 crore e-way bills, second only to the 9 crore recorded in December 2022.
Month-on-Month & Year-on-Year Comparison: The number of e-way bills increased by 9.3% from November 2024 and by 7.4% compared to December 2023.
Economic Recovery Indicators: The rise in e-way bills suggests a strong economic rebound, driven by increased business and industrial activity.
Seasonal Trends: The surge in December aligns with higher consumption during the festive season, fueled by increased sales and transportation.

Historical Context: The highest e-way bill generation occurred in December 2022, with 9 crore bills, reflecting strong demand and economic recovery post-pandemic. The consistency in e-way bill numbers over the past two years highlights the resilience and evolving trade patterns of the Indian economy.

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