Industrialist Anil Ambanitermed the Goods and Services Tax (GST), being rolled out from July 1, as India’s “economic freedom” and said it would make the country the biggest free and democratic market in the history.
Speaking in Mumbai at a mutual fund industry event, the Reliance Group chairman said there are many ways of counting the benefits of GST.
“But there is just one way of describing its true promise. GST is not just another piece of reform or transform, however significant. GST is the liberation of our economic imagination. It is our economic freedom,” he said.
There are moments in the life of a nation when history is made not in small steps of incremental gain but in giant leaps of ambition Mr Ambani said
“We, the people of India, are privileged to bear witness to one such moment in time,” he said, referring to the proposed rollout of GST on midnight of June 30.
“Honourable Prime Minister Narendra Modi rises to address a waiting nation from the same august Central Hall, India will be set on course for another historic tryst with destiny,” he said.
Mr Ambani said the free market is perhaps the greatest force for economic good in the human history of all earthly inventions.
With the promise of ‘One Nation, One Tax, One Market’, it would create a borderless world of 1.3 billion people, producers and consumers engaged in a seamless exchange of goods and services.
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