Economics · Foreign Investment

Consider the following statements regarding Foreign Investment in India: 1. Foreign Direct Investments (FDIs) are generally preferred over Foreign Portfolio Investments (FIIs) because FDIs are long-term, stable, and bring with them technology and management skills. 2. The recent trend in India shows a decline in FIIs due to global interest rate hikes, but a continued strong inflow of FDIs in key sectors like services and manufacturing. 3. Both FDIs and FIIs are components of the country's capital account and are key indicators of its Economic Transformation - Integration with the Global Economy. Which of the statements given above is/are correct?