Which of the following statements is/are correct regarding the “Electronics: Powering India’s Participation in Global Value Chains (GVCs)” report launched by NITI Aayog?
- India's participation in the Global Value Chain (GVC) for electronics is less than 1%, contributing around $24 billion to the global $3 trillion electronics trade flow.
- India's electronics manufacturing is expected to escalate to $278 billion by 2030.
- The global electronics market is valued at $1 trillion, with India being the largest player in this market.
1
Only statement 1 is correct
2
Only statements 1 and 2 are correct
3
Only statement 3 is correct
4
All statements are correct
5
None of the statements are correct