| Consider the following statements regarding India’s Duty-Free Tariff Preference (DFTP) Scheme:
1. It aims to offer duty-free and preferential market access for products originating from Least Developed Countries (LDCs) as recognized by the United Nations.
2. Under the DFTP Scheme, over 98% of all tariff lines are eligible for duty-free access to the Indian market, promoting exports from LDCs and supporting their economic development.
Which of the statements given above is/are correct? |