Q. Consider the following statements:
Statement-I: India is becoming a key player in global supply chains, especially in electronics manufacturing.
Statement-II: India has launched Production Linked Incentive (PLI) schemes for the manufacturing sectors.
Statement-III: India has a large, skilled workforce that supports its growing manufacturing sector.
Which one of the following is correct in respect of the above statement?
Red Book
Red Book

[A] Both Statement-II and Statement-III are correct and both of them explain Statement-I

[B] Both statement-II and Statement-III are correct, but only one of them explains Statement-I

[C] Only one of the Statements II and III is correct and that explain Statement-I

[D] Neither Statement-II nor Statement-III is correct

Answer: A
Notes:

Explanation –

  • Statement-I: India is becoming a key player in global supply chains, especially in electronics manufacturing.
  • Statement-II: India has launched Production Linked Incentive (PLI) schemes for the manufacturing sectors. The PLI schemes are designed to boost manufacturing, including electronics, by providing financial incentives to companies to increase production and enhance India’s role in global supply chains.
  • Statement-III: India has a large, skilled workforce that supports its growing manufacturing sector. India’s large and skilled workforce is a significant factor in supporting its expanding manufacturing sector, particularly in electronics.
  • Therefore, both Statement-II and Statement-III are correct and both of them explain why India is becoming a key player in global supply chains, especially in electronics manufacturing.

Source: The Hindu

 

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