Read the passage below and determine which of the following statements can be correctly inferred from the text. Passage: In the early 1990s, India initiated a series of broad structural economic reforms—commonly termed Liberalization, Privatization, and Globalization (LP

• G —to overcome a severe balance-of-payments crisis and industrial stagnation. The government deregulated private industries, reduced import tariffs, and opened key domestic sectors to Foreign Direct Investment (FD
• I . While these policy shifts accelerated national GDP growth and established India as a major global IT and service export hub, they simultaneously accelerated rapid urban environmental pollution and exacerbated income disparities between metropolitan economic centers and agrarian rural districts. Statements: I. India’s economic reforms in the early 1990s were prompted by a period of economic instability and lagging growth. II. Opening domestic sectors to Foreign Direct Investment contributed to India's integration into the global service export market. III. The economic gains resulting from the LPG reforms were shared equally across urban and rural populations.