Mukesh Ambani has said that the improvement in the rates of GST will promote India’s economic growth. This will bring GDP close to double digits. Inflation will be reduced and consumption in retail will increase.
GST 2.0 reforms: Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited and Reliance Retail, on Thursday welcomed the second phase reforms in the Goods and Services Tax (GST) rates of the Government of India. Said that they will serve as a big boost for India’s economic development.
GDP growth rate will reach close to double digits
Mukesh Ambani said, “GST reforms will make products and services affordable for consumers. The complexity of trade will be reduced. Inflation will be reduced, consumption in retail will increase. It is a progressive step. It will be a big boost for India’s economic growth. The GDP growth rate has reached 7.8% in the first quarter of this financial year. It has the ability to uplift the economy in the new reforms. The growth rate has reached more. Will go. “
Reliance Retail will give full benefit of new GST system to customers
Isha Ambani, Executive Director of Reliance Retail Ventures Limited, said, “The new GST system is a transformational step. It gives relief to the domestic budget. It simplifies compliance for the industry. This provides a unique advantage for both consumers and businesses. Reliance Retail is committed to reaching the new GST system from the first day in all its consumption areas.”
Isha Ambani further said, “GST reforms reflect the clear intentions of the government to improve the ease of doing business and promote consumer welfare. Reliance Retail is fully committed to ensure that the full benefit of this improvement is to our customers and reach without any delay. Our promise is simple, whenever the cost will reduce, our customers should get the benefit.”
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Reliance Industries has said that Reliance Retail is proud to be at the forefront of this change. India’s 1.4 billion people are committed to helping the improvement of improvement and helping to shape more inclusive, competitive and affordable and affordable consumption. As the story of India’s consumption is increasing, this development strengthens consumer confidence. Reliance Retail is committed to bringing price, quality and access to millions of homes.