Consider the following statements with respect to trends in India’s merchandise exports in recent times:
1. Most of India’s merchandise exports belong to textiles and gems & jewellery sector
2. In recent times, the import of crude oil has increased, whereas exports of pharmaceuticals has decreased
3. More and more companies in India are moving towards exports of intellectual property-driven products
Which among the above statements is / are correct?

Answer: [D] 1, 2 & 3

All are correct statements

This question is a part of GKToday's Integrated IAS General Studies Module