Consider the following statements: Statement I: Union Budget 2026–27 emphasises domestic value chain strengthening to enhance India’s manufacturing competitiveness. Statement II: The Budget proposes targeted support for strategic sectors to reduce dependence on imported intermediate goods. Statement III: The Budget assumes that integration into global value chains can be achieved without improvements in logistics efficiency and regulatory certainty. Which one of the following is correct in respect of the above statements?

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Current Affairs · Union Budget 2026-27

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Only one of the Statements II and III is correct and that explains Statement I

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Answer 1

Neither Statement II nor Statement III is correct

Answer 2

Only one of the Statements II and III is correct and that explains Statement I

Answer 3

Both Statement II and Statement III are correct but only one of them explains Statement I

Answer 4

Both Statement II and Statement III are correct and both of them explain Statement I

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