E-Way Bills Surge in December, Second-Highest in Two Years
In December 2024, e-way bills reached their second-highest level in two years, indicating a strong recovery in India’s economy. Data shows that a total of 8.8 crore e-way bills were generated during the month, marking a significant 9.3% increase from the previous month and a 7.4% rise compared to the same period last year. This growth reflects an uptrend in economic activity, boosted by increased transportation and trade movements.
E-Way Bills Growth: December 2024 saw 8.8 crore e-way bills, second only to the 9 crore mark achieved in December 2022.
Month-on-Month & Year-on-Year Comparison: The number of bills rose by 9.3% compared to November 2024 and by 7.4% when compared to December 2023.
Indicators of Economic Recovery: The rise in e-way bills suggests a strong economic rebound, aided by enhanced business and industrial activities.
Seasonal Trends: E-way bills usually peak around festive months, and this December’s surge aligns with higher consumption during the holiday season, driven by increased sales and transportation.
Looking back, the highest-ever e-way bill generation occurred in December 2022, with a total of 9 crore bills, driven by strong demand and economic recovery post-pandemic. The consistency in numbers over two years underscores the resilience of the Indian economy and its evolving trade patterns.
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