Given below are two statements:

Statement I: The transformation of India's economy has not been as dramatic as that of post-communist countries in Eastern Europe

Statement II: India has produced growth rates as high as those of China in 2010s

In the light of the above statements, choose the most appropriate answer from the options given below

1
Both Statement I and Statement II are correct 
2
Both Statement I and statement II are incorrect 
3
Statement I is correct but statement II is incorrect
4
Statement I is incorrect but statement II is correct

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