Is the reason you're being induced medical or because you're overdue?
I was induced at 38+6 for medical reasons and it ended up in a cs.
The factors you've got to consider are you and the baby.
I was encouraged to have an induction because it helps the babies lungs - more fluid is expelled when being pushed out.
Also it can help breast feeding as your body is more attuned to the idea it's had a baby and will be quicker to produce milk than if you don't have any signs of labour.
As for you a cs is hard to recover from. Elective is meant to be easier than emergency ie once labour has started but even so it's still a major operation with the added bonus of not being able to sleep well after it because of a demanding little person.
If you're scared of any of the other interventions aside from a cs then a cs is tempting as you're more in control. On the other hand you've got to bear in mind that having a cs for the first one will mean it will be much more difficult to have a VB with any future children.
I was induced, first gel worked, my waters broke naturally and then I discovered that I really couldn't deal with the pain after 3 hrs, had an epidural and stuck at 8cm when they realised ds was OP (back to back). Eventually I agreed to a cs to get him out. I don't know if the induction didn't work because ds wasn't ready to come out or because of the epidural and therefore sitting on the bed for many hours. Either way I don't regret my decision and would do the same again.
Some people are induced and it goes really easily. You might be one of those.
I've no idea what the statistics are but they will vary depending on other data. For example with my condition I found out afterwards that the cs rate is 67%! So there are other factors to consider when someone says 1 in 2.
Good luck with your decision.