UPSC Prelims 2023 · Question 68 of 97
UPSC Prelims 2023 question on India Share Global Exports
- ExamUPSC CSE
- Year2023
- PaperGeneral Studies Paper I
- SubjectIndian Economy
- TopicExternal Sector of India
- DifficultyMedium
- TypeAssertion
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?
Show answer
Answer: D. Statement-I is incorrect but Statement-II is correct
Analysis
Hence option (d) — Statement-I is incorrect but Statement-II is correct — is the correct answer.
Statement by statement
Statement I – INCORRECT: India's share in global merchandise trade is only 1.8% and 4% in global services. India plans to increase its export share in global trade from 2.1% to 3% by 2027 and 10% by 2047. So 3.2% is not the correct figure.
Statement II – CORRECT: The PLI scheme is open to both domestic and international manufacturers. Samsung as well as Indian firms such as Dixon Technologies, UTL, Neolyncs, Lava International, Optiemus Electronics and Micromax are also expanding their factories to take advantage of the PLI scheme.