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 ?

1. Statement 1 is incorrect. Bilateral trade value between India and Sri Lanka has fluctuated over the last decade due to various global and domestic economic factors. It has not shown a pattern of consistently increased growth. 2. Statement 2 is correct. Textile and textile articles represent a significant portion of bilateral trade between India and Bangladesh. India exports cotton, yarn, and fabrics to Bangladesh, which is a major apparel manufacturer, making these items an important item of trade. 3. Statement 3 is incorrect. In the last five years leading up to 2020, Bangladesh has generally been India's largest trading partner in South Asia, not Nepal. 4. Therefore, only statement 2 is correct.