In their recent work, Garoufalidis and Kashaev extended the 3D-index of an ideally triangulated 3-manifold with toroidal boundary to a well-defined topological invariant which takes the form of a meromorphic function of 2 complex variables per boundary component and which depends additionally on a quantisation parameter q. In this paper, we study the asymptotics of this invariant as q approaches 1, developing a conjectural asymptotic approximation in the form of a sum of contributions associated to certain flat P SL(2, C)-bundles on the manifold. Furthermore, we study the coefficients appearing in these contributions. In some cases, we relate these coefficients to quantities that are known or conjectured to arise from classical invariants, whereas in other cases the invariants we obtain appear to be new. The technical heart of our analysis is the expression of the state-integral of the Garoufalidis-Kashaev invariant as an integral over a certain connected component of the space of circlevalued angle structures. To explain the topological significance of this component, we develop a theory connecting circle-valued angle structures to the obstruction theory for lifting a (boundary-parabolic) P SL(2, C)-representation of the fundamental group to a (boundaryunipotent) SL(2, C)-representation. We present strong theoretical and numerical evidence for the validity of our asymptotic approximations.