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?

Answer: D. Statement-I is incorrect; Statement-II is correct. Statement-I is WRONG. India's share of global goods exports is around 1.8-2.0%, NOT 3.2%. India ranks roughly 18-20th globally as goods exporter. The Government of India has aspirational targets to reach 3% or higher share, but actual share has been below 2% historically. The 3.2% figure is inflated. Statement-II is CORRECT. The Production-Linked Incentive (PLI) scheme, launched in 2020, offers financial incentives to manufacturers producing in India in 14 sectors (electronics, pharmaceuticals, auto components, textiles, drones, etc.). Several local companies (Tata, Adani, Reliance) and foreign companies (Foxconn, Pegatron, Samsung) have been beneficiaries. Production growth in PLI sectors has been documented. So Statement-II is factually correct, but Statement-I overstates India's export share. Source: WTO World Trade Statistical Review / DPIIT PLI scheme progress reports.