Consider the following statements regarding the major findings of the Stockholm International Peace Research Institute (SIPRI) report for the period 2019-23:
1. India emerged as the world's top arms importer in the period 2019-23, marking a 4.7% increase in its imports as compared to the period 2014-18.
2. France emerged as the world's second-largest arms exporter in the period 2019-23, displacing Russia, with its arms exports growing by 47%.
Which of the above statements is/are correct?
1
Only 1
2
Only 2
3
Both 1 and 2
4
Neither 1 nor 2