Insight
India's landmark reform: How the GST will impact the energy sector and GDP
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
After a 13-year-long journey, India's Goods and Services Tax (GST) bill was finally passed by the Indian Parliament in early August. This paves the way for a landmark reform of India's economy, simplifying its complex tax structures across states and unifying India as one common market. The GST has been touted as a game changer for India, so what is the likely economic impact over the short and long run? And what are the implications for India's energy sector and commodity demand? Here we explain what you need to know about GST and assess its impact on key sectors of the economy by highlighting the potential winners and losers. In particular, we discuss the implications for the energy sector and impact on oil demand. Other recent research: Economic focus: US industrial decline caused by energy bust or dollar surge? Q3 2016 Global economy: cyclical slowdown, Brexit, commodity producer woes, China stimulus
Table of contents
- GST basics: what, why, when
- Winners and losers
- Short-term hit but long-term boost
- Energy sector: who's in and who's out?
- What does it mean for India's oil demand?
- Conclusion
- Economic indicators
Tables and charts
This report includes the following images and tables:
-
India's landmark reform: How the GST will impact the energy sector and GDP: Table 1India's landmark reform: How the GST will impact the energy sector and GDP: Table 2USA purchasing managers' indices
-
Eurozone purchasing managers' indicesJapan purchasing managers' indicesChina purchasing managers' indicesIndustrial production - developed economiesIndustrial production - emerging marketsConsumer sentiment indexConsumer sentiment index10-year government bond yields (%)10-year government bond yields (%)
- 6 more item(s)...
What's included
This report contains:
