2023 Economy - Export and Production

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? (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

• 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