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Goods movement pickup in May signals revival of economic activity

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Official data shows e-way bills and toll payments made by trucks ferrying goods across states rose in May Goods movement, which had contracted sharply in March and April, picked up noticeably in May in line with the relaxations given for resuming economic activities as part of India’s phased exit from the lockdown, which began on 25 March.

Electronic permits raised by businesses for transportation of goods, or e-way bills, and electronic toll payments made by trucks ferrying goods across states jumped in May, official data showed.

This indicates that the greater relaxations in June, except in containment zones, could further help the manufacturing industry, which is pinning hopes on a recovery in consumption.

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