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.
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 from: https://www.livemint.com/news/india/eway-bills-for-feb-show-moderation-11678126378059.html