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.
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Insight | Aug 2016
India's landmark reform: How the GST will impact the energy sector and GDP
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