Mumbai, Sept. 4 -- Mukesh D Ambani, Chairman and Managing Director of Reliance Industries Limited and Reliance Retail, India's largest retailer, on Thursday welcomed the Government of India's second-generation reforms of the Goods and Service Tax (GST) rates that will serve as a "big booster to India's economic growth."

Congratulating Prime Minister Narendra Modi for delivering on his promise of a historic "Diwali Gift to the people of India", Mukesh Ambani said, "The GST rationalisation is a progressive step towards making products and services more affordable for consumers, easing operational complexity of doing business, lowering inflation and driving consumption growth across the retail sector. This will serve as a big booster to Ind...