8. Consider the following statements: 
1. Tax revenue as a per cent of GDP of India has steadily increased in the last decade.
2. Fiscal deficit as a per cent of GDP of India has steadily increased in the last decade.
 

Which of the statements given above is/are correct?

1. 1 only

2. 2 only

3. Both 1 and 2

4. Neither 1 nor 2

Correct Answer :

Neither 1 nor 2