In the context of India, which of the following factors is/are contributor/ contributors to reducing the risk of a currency crisis? 1. The foreign currency earnings of India's IT sector 2. Increasing the government expenditure 3. Remittances from Indians abroad Select the correct answer using the code given below.

1. A currency crisis risk is often linked to a country's ability to meet its external payment obligations and maintain stability in its exchange rate. Factors that increase the supply of foreign currency or reduce its demand help in reducing this risk. 2. Statement 1 is a contributor. The foreign currency earnings of India's IT sector represent a significant inflow of foreign exchange into the country, bolstering its foreign reserves and improving its external account balance. 3. Statement 2 is not necessarily a contributor. Increasing government expenditure, especially if financed through borrowing or leading to higher imports, can worsen the fiscal deficit and current account deficit, potentially increasing the risk of a currency crisis rather than reducing it. 4. Statement 3 is a contributor. Remittances from Indians abroad constitute a major source of foreign currency inflows for India. These stable inflows support the balance of payments and enhance the country's resilience against external shocks. 5. Therefore, factors 1 and 3 are contributors to reducing the risk of a currency crisis.