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 & explanation
Answer: (d) Statement-I is incorrect but Statement-II is correct
Statement-I is wrong: India's share of world merchandise (goods) exports in 2022 was 1.8%, not 3.2%. Statement-II is correct: both Indian and foreign firms have been approved for incentives under the Production-Linked Incentive (PLI) scheme.
- ✗ Statement-I The WTO's World Trade Statistical Review 2023 ranks India 18th among merchandise exporters in 2022, with exports of about US$ 453 billion, a 1.8% share of world exports. The figure of 3.2% does not match.
- ✓ Statement-II The PLI scheme for large-scale electronics manufacturing drew foreign players such as Foxconn, Samsung, Pegatron and Wistron, and domestic firms such as Lava, Micromax, Optiemus and Padget Electronics.
Remember · India's share of world goods exports in 2022 was 1.8% (18th largest exporter, WTO). PLI incentives have gone to both domestic and global manufacturers.
Sources
- WTO, World Trade Statistical Review 2023: leading exporters in world merchandise trade, 2022 ↗ “17 Chinese Taipei 478 1.9 7 17 Chinese Taipei 436 1.7 14 18 India 453 1.8 15 18 United Arab Emirates (1) 425 1.7 22”
- PIB: Empowered Committee for PLI Scheme for Large-Scale Electronics Manufacturing approves incentives for Foxconn India and Padget Electronics (20 Dec 2022) ↗ “The PLI for Large-Scale Electronics Manufacturing sector has attracted leading global players, including Foxconn, Samsung, Pegatron, Rising Star and Wistron while leading domestic companies, including Lava, Micromax, Optiemus”
Question and answer: UPSC's official GS Paper I (2023, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·