With reference to the sectoral classification of India’s Index of Industrial Production (IIP), consider the following statements:

1. The electricity sector has the highest weightage in the IIP.

2. The manufacturing sector contributes less than 50% to the IIP.

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

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