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?
Options
(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
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Class 12International Trade— NCERT Geography, Chapter 8. India's foreign trade grew from ₹1,214 crore in 1950-51 to about ₹77 lakh crore by 2021-22, yet India has only about one per cent of world trade and imports have always…
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