Consider the following statements:
Statement-I:
India accounts for 3.2% of global exports 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?
(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
(d)
Statement-I is incorrect but Statement-II is correct
Explanation
as per Economic Survey 2023 Indias share in global export is 2.2% (2021) so st1 is wrong. Thus, Statement 1 is wrong and by elimination of options, we arrive at the correct answer [D].