The January figure was 42.6 per cent higher than the year-ago level of 95.96 million.
An eway bill is an electronically generated document mandated under the goods and services tax (GST) regime for the movement of goods valued at more than ₹50,000 within the country. It has details of the consignment, consignor, consignee and transporter, and is aimed at curbing tax evasion while enabling real-time tracking of goods movement across states.
The sustained rise in eway bill generation points to continued consumption-led demand, supported by GST rate rationalisation and other policy measures undertaken by the government.
“This level of growth augurs well for the domestic economy and, with a US trade deal expected to boost exports, provides dual growth momentum,” said Abhishek Jain, partner at KPMG.
Harpreet Singh, partner at Deloitte, said January’s surge reflected a stronger supply chain across manufacturing dispatches, wholesale trade and inter-state logistics. “The 42.6 per cent year-on-year growth indicates not only higher activity but also improved GST compliance, which tends to translate into stronger indirect tax buoyancy,” he said.
Pratik Jain, partner at PwC, said robust eway bill growth suggested a broad-based pickup in goods movement and sustained economic momentum, particularly in manufacturing and logistics. “This should also support GST collections for the month,” he said.
Higher eway bill generation is aligned with broader domestic consumption trends.
Private final consumption expenditure is projected to grow by 7 per cent in 2025-26, slightly lower than the 7.2 per cent recorded in 2024-25, while accounting for 61.5 per cent of gross domestic product (GDP), the highest share since FY12.
This supports overall real GDP growth estimated at 7.4 per cent, up from 6.5 per cent in the previous year, according to the First Advance Estimates released in January 2026 and reaffirmed in the Union Budget 2026-27.
The Economic Survey for 2025-26, released on January 29, recommended reimagining eway bills as facilitators of seamless logistics rather than purely as enforcement tools. It emphasised trust-based compliance and the use of advanced technology to minimise disruption to bona fide trade.
The Survey also advocated wider adoption of technologies such as eseals, electronic locking systems and vehicle tracking integrated with eway bills to enable secure, end-to-end monitoring without routine road stoppages.
 "CA, Chartered accountant, tax")