Economics · Capital Flows and External Sector Indicators

Consider the following statements regarding capital flows and external sector indicators of an economy: I. Foreign Direct Investment (FDI) is generally viewed as a more stable and long-term source of capital compared to Foreign Portfolio Investment (FPI), which tends to be relatively more volatile. II. At present, India is the largest recipient of remittances in the world. III. A rise in the import cover of foreign exchange reserves implies that the country's external debt burden is declining relative to its GDP. Which of the statements given above is/are correct?