E-way bills hit an all-time high in July on robust demand
New Delhi, Aug. 7 -- India's supply chains were humming in July, with e-way bill generation, a key indicator of goods movement across and within states, hitting a record high of 131.9 million.
The surge was fuelled by a combination of factors: strengthening rural demand, pre-festive inventory stocking, and exporters potentially front-running shipments to the US ahead of a 25% reciprocal tariff taking effect 7 August. US President Donald Trump announced an addition 25% on Wednesday for buying Russian oil, taking the total levy to 50%.
Data from the Goods and Services Tax Network (GSTN), which processes GST returns, showed e-way bill generation rose nearly 26% year-on-year and 10.4% from June, marking one of the strongest monthly increases in...
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