New Delhi, Sept. 4 -- Lauding the recently announced Goods and Services Tax (GST) reforms by the Central government, Union Minister Sukanta Majumdar said on Thursday that the rate reduction in the tax rate would bring a boom to India's circular economy, with the middle class seeing the benefits of it in the coming times.

"This will be very helpful for the middle class in the coming times. When there will be savings, they will be able to invest in other places, so in the coming times, this will bring a huge boost to the economy. I thank the Prime Minister," the Union Minister said here.

Minister Majumdar further expressed confidence that consumption and investment in various sectors, such as education, would be increased after people hav...