{"id":92084,"date":"2025-06-01T11:13:32","date_gmt":"2025-06-01T11:13:32","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=92084"},"modified":"2025-06-01T11:13:32","modified_gmt":"2025-06-01T11:13:32","slug":"consider-the-following-statements-statement-i-india-accounts-for-3","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-statement-i-india-accounts-for-3\/","title":{"rendered":"Consider, the following statements :\nStatement-I: India accounts for 3"},"content":{"rendered":"

Consider, the following statements :
\nStatement-I: India accounts for 3.2% of global export of goods.
\nStatement-II: Many local companies and some foreign companies operating in India have taken advantage of India’s \u2018Production-linked Incentive\u2019 scheme.
\nWhich one of the following is correct in respect of the above statements?<\/p>\n

[amp_mcq option1=”Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I” option2=”Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I” option3=”Statement-I is correct but Statement-II is incorrect” option4=”Statement-I is incorrect but Statement-II is correct” correct=”option4″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC IAS – 2023<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nStatement-I is incorrect but Statement-II is correct.
\n<\/section>\n
\nIndia’s share in global goods exports is significantly lower than 3.2%. According to recent WTO data, India’s share in world merchandise exports is around 1.8%. Statement-I is therefore incorrect. Statement-II is correct, as the Production-linked Incentive (PLI) scheme in India has been designed to attract both domestic and foreign investments into key manufacturing sectors and has seen participation from numerous companies operating in India.
\n<\/section>\n
\nThe PLI scheme aims to boost domestic manufacturing and reduce import dependence. It offers incentives on increased sales of manufactured goods from target segments. It covers a wide range of sectors including electronics, pharmaceuticals, automobiles, textiles, food products, etc. Both Indian and foreign companies with manufacturing bases in India are eligible for these incentives, and many have indeed availed them to expand production.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

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 \u2018Production-linked Incentive\u2019 scheme. Which one of the following is correct in respect of the above statements? [amp_mcq option1=”Both Statement-I and Statement-II are correct and … <\/p>\n

Detailed SolutionConsider, the following statements :
\nStatement-I: India accounts for 3<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1105,1226],"class_list":["post-92084","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1105","tag-external-sector-of-economy","no-featured-image-padding"],"yoast_head":"\nConsider, the following statements : Statement-I: India accounts for 3<\/title>\n<meta name=\"description\" content=\"Statement-I is incorrect but Statement-II is correct. India's share in global goods exports is significantly lower than 3.2%. According to recent WTO data, India's share in world merchandise exports is around 1.8%. Statement-I is therefore incorrect. 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