Reliance Welcomes GST Reforms, Pledges to Pass Benefits to Consumers for Growth Boost
The second-generation GST reforms are expected to significantly impact the retail sector by lowering prices, boosting consumption, and simplifying business operations. As India's largest retailer, Reliance Retail's commitment to pass on these benefits positions the company to gain market share and benefit from increased consumer spending, directly influencing its revenue and profitability.
The company, through its Chairman Mukesh Ambani and Executive Director Isha Ambani, has strongly welcomed the government's GST reforms, stating they will boost consumption, lower prices, simplify compliance, and accelerate economic growth. Reliance Retail's commitment to pass on benefits from day one further reinforces a positive outlook for consumers and the company's market position.
Shri Mukesh D Ambani, Chairman and Managing Director of Reliance Industries Limited and Reliance Retail, on 4 September 2025, warmly welcomed the Government of India’s second-generation Goods and Service Tax (GST) rate reforms, calling them a “Big Booster to Consumption-driven Growth.” * Ambani stated that the GST rationalisation is a progressive step towards making products and services more affordable for consumers, easing operational complexity for businesses, lowering inflation, and driving consumption growth across the retail sector. * He believes these reforms have the potential to accelerate India’s economic growth even further, raising the growth rate closer to double digits, building on the 7.8% GDP growth rate achieved in the first quarter of the financial year. * Ms Isha Ambani, Executive Director, Reliance Retail Ventures Limited, announced Reliance Retail’s commitment to pass on the entire benefit of the new GST regime to customers from Day 1 across all its consumption baskets. * She highlighted that the new GST regime is a transformative step that brings relief to household budgets and simplifies compliance for the industry, creating a win-win for both consumers and businesses. * The company expects the GST rationalisation to reduce costs, keep inflation in check, improve efficiency, enable greater scale, and create opportunities for every stakeholder in the retail value chain, including farmers, MSMEs, producers, suppliers, kiranas, and end-consumers, thereby strengthening consumer confidence.
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