New Delhi, Sept. 4 -- Industry associations and trade bodies across sectors have welcomed the Goods and Services Tax (GST) rate cuts announced by the government. Speaking to ANI, representatives from different sectors said the reforms would make the Indian industry more competitive and benefit consumers directly.

Manish Singhal, Secretary General of ASSOCHAM, said the decision would energise the economy. "Our economy will become more competitive and will be a huge boost. Our production will increase, the industrial capacity utilisation will increase, investment will also increase. As the economy will become more competitive, exports and the domestic market will hugely benefit," he said.

From the healthcare sector, Rajiv Nath, MD of Hind...