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?

Option (D) is correct because Statement I is factually incorrect as India’s share in global merchandise (goods) exports is approximately 1.8% according to WTO and Economic Survey data, while Statement II is correct as the PLI scheme has successfully attracted significant participation from both domestic firms and multinational corporations like Samsung and Apple’s partners. The most tempting wrong options are (a) or (b), which candidates often choose by confusing the 3.2% figure with India’s higher share in global services exports or total trade. The core concept being tested is India’s relative standing in international trade and the implementation of key industrial policies.