India's landmark reform: How the GST will impact the energy sector and GDP Report

Insight 31 August 2016

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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</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        GST basics: what, why, when
    </li>

<li class="list__item-toggle font-semibold">
        Winners and losers
    </li>

<li class="list__item-toggle font-semibold">
        Short-term hit but long-term boost
    </li>

<li class="list__item-toggle font-semibold">
        Energy sector: who's in and who's out?
    </li>

<li class="list__item-toggle font-semibold">
        What does it mean for India's oil demand?
    </li>

<li class="list__item-toggle font-semibold">
        Conclusion
    </li>

<li class="list__item-toggle font-semibold">
        Economic indicators
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<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">India's landmark reform: How the GST will impact the energy sector and GDP: Table 1</li><li class="list__item push-quarter--bottom">India's landmark reform: How the GST will impact the energy sector and GDP: Table 2</li><li class="list__item push-quarter--bottom">USA purchasing managers' indices</li>
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