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Proposed gas price pooling to boost GDP by up to 0.88%

Industry Economy

According to NCAER and GMR Energy, the proposed gas price pooling policy of the government is expected to increase the Gross Domestic Product (GDP) by 0.50-0.88 per cent. The report said that the gas price pooling policy would lead to an increase in GDP of 0.50 per cent or Rs 69,431 crore with a plant load factor of 30 per cent, 0.7 per cent (or Rs 96,107 crore) with a PLF of 40 per cent, and 0.88 per cent (or Rs 1.23 lakh crore) with a PLF of 50 per cent.

Extracted from BS, Feb 22,’15

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