New Delhi, (IANS) : Prime Minister Narendra Modi on Monday said the pan-India Goods and Services (GST) tax regime will strengthen the Indian economy and thanked all political parties for the passage of the relevant bill to initiate the process.

“GST will give strength to our economy. All parties are to be thanked for its passage,” Modi said in his Independence Day address from the Red Fort.

“GST is also one such tax reform that will help us bring financial stability,” said the Prime Minister. “One nation, one grid and one price is what we have worked on.”