Consider the following:
Statement–I: The United States remained India’s largest trading partner in the financial year 2024–25.
Statement–II: The United States has held the position of India’s largest trading partner consistently since 2013–14.
Which one of the following is correct in respect of the above statements?
1
Both Statement–I and Statement–II are correct, and Statement–II is the correct explanation for Statement–I
2
Both Statement–I and Statement–II are correct, but Statement–II is not the correct explanation for Statement–I
3
Statement–I is correct, but Statement–II is incorrect
4
Statement–I is incorrect, but Statement–II is correct