India's GDP growth for 2025-26 has been provisionally estimated at 7.7%, with the government also updating the base year for GDP data to 2022-23. With reference to India's national income accounting and the recently released GDP estimates, consider the following statements:
- The manufacturing sector is estimated to have grown at 10.7% in 2025-26 compared to 9.3% in the first revised estimates for 2024-25, while the agriculture sector saw growth slow to 3% in 2025-26 from 4.2% in the previous year.
- Gross Fixed Capital Formation (GFCF), which represents asset creation and investment in the economy, is estimated to have grown at 8.2% in 2025-26 from 6.4% in 2024-25 — indicating a pick-up in investment activity.
- The base year revision from 2011-12 to 2022-23 is a routine quinquennial exercise mandated by the National Statistical Commission; changing the base year alters the absolute level of GDP but does not affect growth rates or the sectoral composition of the economy.
Which of the statements given above is/are correct?