E-way bills likely to fall to five-month low amid Covid-19 lockdown

Likely to decline to 55-58 million in April

E-way bill generation, which is related to paying goods and services tax (GST) and a key high-frequency indicator of economic activity, may have fallen to a five-month low in April as more cities experience lockdowns due to a surge in Covid-19 cases.
 
In April e-way bill generation may decline to 55-58 million, which is the lowest since at least November. On the higher side, it is a 17 per cent decline over March. E-way bill generation in April will reflect in the GST numbers of May, which, experts say, could see a fall of close to 20 per cent.