New Delhi, Sept. 8 -- Union Minister of Commerce Piyush Goyal asked industries across India on Monday to pass the full benefits of the upcoming GST rate cuts to consumer so that the demand of domestic products get increased and in turn build the foundation of the Indian economy.

Finance Minister Nirmala Sitharaman last week announced a major rejig in India's GST, with the GST slabs being reduced to two - 5% and 18%. Most consumer goods including food, apparel, electronics and home appliances are likely to get cheaper with the GST rate rationalisation.

"The GST rate cuts, along with simplification, will boost domestic demand, small and large enterprises will get access to more opportunities, new avenues for employment will be generated, ...