Consider the following statements regarding global remittances in 2024:
1. India is the top recipient of remittances globally followed by Mexico and China.
2. India accounts for more than 10% of the global share of remittances, reflecting its significance in global remittance flows.
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