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Signs of recovery emerge in May

According to official data, goods movement, which had contracted sharply in March and April, picked up noticeably in May. This has been the result of the easing of the lockdown and the relaxations given for resuming economic activities.

Electronic permits raised by businesses for transportation of goods, or e-way bills, and electronic toll payments made by trucks ferrying goods across states rose in May. It is expected that the higher relaxations in June, except in containment zones, could further help the manufacturing industry.  

From 8.6 million in April to 25.5 million in May, there was a 196% increase in e-way bill generation, as per Goods and Services Tax Network (GSTN), the company that processes GST. Meanwhie, the electronic toll collection in highways via FASTag rose to 1,142 crore in May, recovering from the 248 crore in April, according to National Payments Corp. of India (NPCI).