Economics · International Trade
Statement I: The 'China Plus One' strategy adopted by several multinational corporations may create opportunities for India to expand its manufacturing sector and attract global supply chains. Statement II: Under the 'China Plus One' strategy, companies seek to diversify their manufacturing and supply chains by establishing production facilities in countries other than China. Which one of the following is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct and Statement II explains Statement I✓
- 2Both Statement I and Statement II are correct but Statement II does not explain Statement I
- 3Statement I is correct but Statement II is not correct
- 4Statement I is not correct but Statement II is correct
Correct answer
Both Statement I and Statement II are correct and Statement II explains Statement I
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