E-way bill generation in India reached a record 140.6 million in March, reflecting a 13% increase from the previous year, as reported by the Goods and Services Tax Network (GSTN). This figure surpasses the previous peak of 138.39 million recorded in December, which had seen a 23.6% year-on-year increase. The rise in e-way bills, which are mandatory for the movement of goods valued over ₹50,000 (approximately $600 USD), is attributed to improved compliance and robust goods movement following a major GST rate rationalisation in September 2022. Experts like Abhishek A Rastogi emphasize the need to focus on the quality of compliance rather than just volume, as tighter enforcement and data-driven compliance have also played a role in these figures. Krishan Arora from Grant Thornton Bharat notes that while the surge in March may indicate sustained business activity, it could also reflect contingency demands amid global disruptions. The Reserve Bank of India (RBI) has highlighted strong private consumption as a key growth driver, projecting a 7.6% real GDP growth for FY26, supported by an expected rise in Private Final Consumption Expenditure (PFCE).