UPSC CSE Prelims
Question 90
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?
View correct answer and explanation
Correct answer: D
Correct Option: D (Statement-I is incorrect but Statement-II is correct)
Explanation: India’s global goods-export share was well below 3.2% around 2022, whereas Indian and multinational businesses did benefit from PLI incentives for domestic manufacturing.
Statement / Pair / Item-wise Analysis:
I. Incorrect/False - India accounted for roughly 1.8% of merchandise exports around 2022, not 3.2% of global goods exports.
II. Correct/True - Domestic firms and eligible foreign-owned manufacturers participated in Production Linked Incentive schemes.
Option-wise Analysis:
A. Incorrect-Statement I is false: India accounted for roughly 1.8% of merchandise exports around 2022, not 3.2% of global goods exports.
B. Incorrect-Statement I is false: India accounted for roughly 1.8% of merchandise exports around 2022, not 3.2% of global goods exports.
C. Incorrect-Statement I is false: India accounted for roughly 1.8% of merchandise exports around 2022, not 3.2% of global goods exports.
D. Correct-Statement I is false and Statement II is true.
Review note: Export shares depend on year and whether services are counted; this item concerns *goods* exports around the 2023 exam period.