Consider the following statements about Union financial operations in India in the previous five years : 1. Total Union expenditure has been in the range of 14-16 percent of GDP, 2. Total non-debt receipts of the Union have been in the range of 9-10 percent of GDP. 3. The borrowings of the Union have been in the range of 7-8 percent of GDP. Which of the statements given above is/are correct? |