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

Insight 31 August 2016

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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

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 1
India's landmark reform: How the GST will impact the energy sector and GDP: Table 2
USA purchasing managers' indices