The number of electronic permits issued to transport goods within and across states moderated in February from the previous month but remained above the 80 million mark seen since November.
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At 81.8 million, e-way bill generation indicates a mid-quarter dip, but year-end inventory clearance by companies could boost goods shipment in March. E-way bill data, a high-frequency indicator of consumption, shows that the number of permits raised often goes up in the last month of every quarter. E-way bills in February point to transportation activity in the month for which taxes are collected in March.
Source: Livemint
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