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E-way bills growth accelerates to 23.1% in January, Petroleum consumption up 3.1%
20-Feb-2025, 11:53
The Reserve Bank of India (RBI), stated in its monthly update that high frequency indicators suggest that aggregate demand is recovering from the slowdown witnessed in H1. E-way bills growth accelerated to 23.1 per cent in January. Toll collections recorded strong growth both in volume and value terms. Wholesale automobile sales experienced a turnaround in January, registering a growth of 2.5 per cent y-o-y, following two months of contraction. The two-wheeler segment saw a recovery, primarily driven by a surge in scooter sales although motorcycle sales contracted for the third consecutive month. Petroleum consumption expanded by 3.1 per cent (y-o-y) in January. In January 2025, employment in the organized manufacturing sector grew at a record pace since the PMI survey's inception, while job creation in the services sector was also among the strongest in the series.
The Reserve Bank of India (RBI), stated in its monthly update that high frequency indicators suggest that aggregate demand is recovering from the slowdown witnessed in H1. E-way bills growth accelerated to 23.1 per cent in January. Toll collections recorded strong growth both in volume and value terms. Wholesale automobile sales experienced a turnaround in January, registering a growth of 2.5 per cent y-o-y, following two months of contraction. The two-wheeler segment saw a recovery, primarily driven by a surge in scooter sales although motorcycle sales contracted for the third consecutive month. Petroleum consumption expanded by 3.1 per cent (y-o-y) in January. In January 2025, employment in the organized manufacturing sector grew at a record pace since the PMI survey's inception, while job creation in the services sector was also among the strongest in the series.
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