Which of the following statements related to globalisation is/are correct?

1. After globalisation, the level of compensation has increased as compared to domestic companies due to the skill and knowledge a foreign company offers.

2. With the outbreak of globalisation, the Indian economy and the standard of living of an individual have increased.

3. The cheap labour in India motivates the big companies in the west to outsource employees from other regions and cause more employment.

Select the correct answer using the code given below.