Economics · Industrial Sector & Manufacturing Policies

Consider the following statements regarding the Indian manufacturing sector and related economic policies: Statement I: The Production Linked Incentive (PLI) scheme provides incentives based on the incremental sales of products manufactured in domestic units, aiming to create national manufacturing champions. Statement II: Logistics costs in India have historically been around 13-14 percent of GDP, which is higher than the 8-10 percent seen in most developed economies. Statement III: The New Labour Codes seek to consolidate 29 central labor laws into 4 broad codes (Wages, Social Security, Industrial Relations, and Occupational Safety). Statement IV: The MSME sector contributes nearly 30 percent of India's GDP and 45 percent of total exports. Statement V: Under the current FDI policy, 100 percent foreign investment is allowed through the automatic route in all manufacturing sectors including defense, with no security clearances required whatsoever. Which of the above statements are correct?