Consider the following statements regarding the Gross Fixed Capital Formation (GFCF).
1. There is a continuous decline in Gross Fixed Capital Formation in India from 2008 to 2018.
2. The World Bank tracks gross capital formation, which it defines as outlays on additions to fixed assets and excludes net changes in Inventories.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2