New Delhi, Sept. 5 -- Commerce and Industry Minister Piyush Goyal on Thursday said India's exports in the current financial year will exceed those of 2024-25, despite challenges posed by high US tariffs, as the government pushes for faster diversification of markets and products.

Speaking to reporters, Goyal underlined that the industry has assured the government it will pass on the benefits of recent Goods and Services Tax (GST) rate reductions to consumers.

"This has been a very special year for consumers," he said, referring to the Income Tax benefits announced in the Union Budget and the GST reforms introduced on Wednesday.

"Industry has committed that they will pass on the benefits of GST rate reduction to consumers," Goyal said, ...