Economy
2023
External Sector
Government Schemes
Industrial Policies
UPSC Practice Question

Consider, the following statements : * Statement-I : India accounts for 3.2% of global export of goods. * Statement-II : Many local companies and some foreign companies operating in India have taken advantage of India's ‘Production-linked Incentive’ scheme. Which one of the following is correct in respect of the above statements?

D.Statement-I is incorrect but Statement-II is correct
A.Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
B.Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
C.Statement-I is correct but Statement-II is incorrect