<h1>Exports set to beat last year as market diversification and GST rate rationalisation boost manufacturing, MSMEs, and liquidity</h1> A Union minister said the current financial year's exports are expected to exceed last year's, attributing growth to active government efforts to diversify markets and products and to recent GST rate rationalisation. Industry reportedly committed to pass GST benefits to consumers; the government expects lower rates, faster refunds, provisional relief for inverted duties and rate rationalisation to ease liquidity, reduce costs, boost manufacturing and MSME competitiveness, and strengthen exports. Officials acknowledged challenges from a 50% US tariff on some Indian goods but said measures will enhance global competitiveness, supply chains, and domestic demand while supporting new export opportunities in markets like the Gulf and Southeast Asia.