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?
Explanation
Statement I is incorrect: As per the Economic Survey 2022-23, India accounts for roughly 1.8% of global merchandise exports, not 3.2% — that higher figure actually corresponds more closely to India’s combined goods-and-services export share.
Statement II is correct: India’s Production-Linked Incentive (PLI) scheme genuinely has attracted participation from both domestic firms and foreign companies operating in India, rewarding them for incremental manufacturing output.
Since Statement I is wrong but Statement II holds, the answer is Option D.