Q. Consider the following statements::
1.India is the third largest economy in the world.
2.Petrochemicals is India’s one of the most profitable firms.
3.India’s investment in Research and development (R&D) is less than that of Israel.
Which of the statements given above is/are correct?
Statement 1 is incorrect. India is fifth largest economy in the world.
Statement 2 and 3 are correct. India’s most profitable firms are in financial services, petrochemicals, metal processing and software. India has ranked 16th, below Israel in R&D.