Current Affairs · India's Bilateral Relations and Trade

Consider the following statements regarding India-U.S. economic and trade relations: 1. The U.S. is India's largest trading partner in terms of goods and services combined. 2. The Generalized System of Preferences (GSP) trade benefits offered by the U.S. to India were terminated due to market access concerns raised by the U.S. 3. Under India's Model Bilateral Investment Treaty (BIT), Most Favoured Nation (MFN) status and National Treatment are automatically granted to all foreign investors unconditionally from day one. Which of the statements given above is/are correct?