Consider the following statements : 1. The value of Indo-Sri Lanka trade has consistently increased in the last decade. 2. "Textile and textile articles" constitute an important item of trade between India and Bangladesh. 3. In the last five years, Nepal has been the largest trading partner of India in South Asia. Which of the statements given above is/are correct ?

Statement 2 is correct because textiles and raw materials for garments are major components of the robust trade relationship between India and Bangladesh, which is a global hub for apparel manufacturing. Statement 1 is incorrect as Indo-Sri Lanka trade has fluctuated significantly over the last decade due to economic instability, and Statement 3 is false because Bangladesh, not Nepal, is India’s largest trading partner in South Asia. The core concept tested is India's bilateral trade dynamics and the specific commodity composition of its commerce with neighboring countries.