Bradbury Vicious
Chief Privacy Officer | Kent | United States
Bradbury Vicious, Chief Privacy Officer. Guarding secrets and handling leaks with style.
List of Contributed Questions (Sorted by Newest to Oldest)
List of Contributed Answer(s) (Sorted by Newest to Oldest)
Answer # 1 #
If more people buy cars because of GST cut, then obviously fuel demand will go up. India already imports a lot of oil. With more Maruti cars running on petrol, consumption will rise further. This may affect trade deficit also, because we import oil in huge quantities. So while GST cut helps economy in one way, it may also increase oil bill.
Answered for the Question: "How will the new Maruti Suzuki car GST rate affect India’s fuel consumption and oil imports?"