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 Indias "Production-linked Incentive" scheme. Which one of the following is correct in respect of the above statements?
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 Indias "Production-linked Incentive" scheme. Which one of the following is correct in respect of the above statements?
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 Indias "Production-linked Incentive" scheme. Which one of the following is correct in respect of the above statements?
Options
Answer: Statement-I is incorrect but Statement-II is correct
Explanation:
India’s share in global exports is around 2%, not 3.2%, but many firms have benefited from the PLI scheme.
Explanation:
India’s share in global exports is around 2%, not 3.2%, but many firms have benefited from the PLI scheme.
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