<h1>Conglomerate chairman hails next-gen GST reforms to lower prices, boost consumption, unlock Rs 2.5 lakh crore for MSMEs</h1> The chairman of a major conglomerate lauded the rollout of next-generation GST reforms as a historic move expected to lower product prices, boost consumption and energise MSMEs, small-scale and cottage industries. He said the measures, alongside recent income tax revisions, would put about Rs 2.5 lakh crore in consumers' hands, spur investment and employment, and simplify compliance across value chains. He argued the reforms will bolster domestic manufacturing and urged businesses to adopt 'compassionate capitalism,' citing his company's support for a portfolio of Indian brands, hundreds of factories and thousands of MSME partners.