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?

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I

Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I

Statement-I is correct but Statement-II is incorrect

Statement-I is incorrect but Statement-II is correct

APEDIA

UPSC Prelims

2023 • 28 May, 2023 • Paper-1

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?

Correct Answer

Statement-I is incorrect but Statement-II is correct

Subject: Economy.Context: India's Export Performance.Details: Statement I is incorrect; India's share in the global export of merchandise/goods hovers around 1.......

💡 Analysis & Explanation

Subject ▼

Economy.

Context ▼

India's Export Performance.

Details ▼

Statement I is incorrect; India's share in the global export of merchandise/goods hovers around 1.8% to 2%, falling significantly short of the 3.2% mark. Statement II is correct; the PLI (Production-Linked Incentive) scheme has successfully attracted substantial investments from both domestic giants and foreign corporations (like Apple's contract manufacturers) to boost local manufacturing.

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