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?
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.

Question from UPSC Prelims 2023 GS Paper

Explanation :

Correct Answer – D

Statement-I is incorrect.

Statement-II is correct because many local and foreign companies operating in India have indeed taken advantage of India’s Production-linked Incentive (PLI) scheme. The PLI scheme aims to boost domestic manufacturing and exports by providing incentives to companies on incremental sales from products manufactured in India. This has attracted many companies to invest and expand their operations in the country.

Prelims 2023

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.

Question from UPSC Prelims 2023 GS Paper

More Question:

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.