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 18 images and tables including:
- 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
- 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
What's included
This report contains:
Other reports you may be interested in
Insight
UK North Sea on the brink: why fiscal reform can't wait
It's now or never for the Energy Profits Levy and its successor, not "indefinitely maybe"
$1,350
Insight
China economic focus July 2024: takeaways from the third plenum
China is preparing to shift to new growth engines.
$950
Insight
Where is India’s economic policy heading after the election?
Narendra Modi will continue to promote infrastructure and manufacturing sectors in his third term as India's Prime Minister
$950
