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
International Trade & Industrial PolicyIndia's Export Share and Production-linked Incentive (PLI) SchemeIndiaglobal export of goodsProduction-linked Incentive schemePLI schemelocal companiesforeign companiesmanufacturingtrade share