3. Which of the following statements about the India-UAE relationship is/are correct?
1. The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE, effective from May 2022, has led to a 20% increase in non-oil trade in the 2023-24 period.
2. The UAE is India’s largest investor and the most significant source of remittances to India.
Select the correct answer using the code given below: