Consider the following statements:

1. India accounts for 3.2% of the global export of goods.
2. 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?

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.

Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I.

Statement-I is correct but Statement-II is incorrect.

Statement-I is incorrect but Statement-II is correct.