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


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

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.

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  • India's landmark reform: How the GST will impact the energy sector and GDP PDF - 760.99 KB 9 Pages, 2 Tables, 16 Figures

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

  • 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

In this report there are 18 tables or charts, including:

  • GST basics: what, why, when
    • India's landmark reform: How the GST will impact the energy sector and GDP: Table 1
  • Winners and losers
  • Short-term hit but long-term boost
    • India's landmark reform: How the GST will impact the energy sector and GDP: Table 2
  • Energy sector: who's in and who's out?
  • What does it mean for India's oil demand?
  • Conclusion
  • Economic indicators
    • USA purchasing managers' indices
    • Eurozone purchasing managers' indices
    • Japan purchasing managers' indices
    • China purchasing managers' indices
    • Industrial production - developed economies
    • Industrial production - emerging markets
    • Consumer sentiment index
    • Consumer sentiment index
    • 10-year government bond yields (%)
    • 10-year government bond yields (%)
    • Consumer price index (annual % change)
    • Consumer price index (annual % change)
    • Exchange rate indices vs US$ (Jan 2012 =100)
    • Exchange rate indices vs US$ (Jan 2012 = 100)
    • Oil and gas prices
    • Copper and freight prices
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