Consider the following statements:
Statement – I – India accounts for 3.2% for global export of goods.
Statement – II – Many local companies and some foreign companies operating in India have taken advantage of India’s ‘Protection-linked Incentive’ scheme.
Which one of the following is correct in respect of the above statements?
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