E-way bill generation surged to 8.79 in July as against 8.61 in June, showing better demand. This could also have a positive impact on GST collection, which saw a third all-time high of Rs. 1.65 lakh crore in July.
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The date for GST collection for August will be out on September 1. Apart from higher e-way bill generation, performance in the services sector has also been encouraging, as a quick survey-based index (Purchasing Managers’ Index for Services) rose to 13 years high of 62.3 in July.
Source: the business line
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