Explanation:

Statement 1 is correct.

India relies on imports for more than 80% of its daily crude requirement, the strong rupee comes as a major blessing in disguise. A stronger rupee means lower landed cost of crude oil, which is always expressed in dollar terms. A lower landed cost of oil will not only be anti-inflationary but will also reduce the burden on the government finances.

Statement 2 is correct.

On the subject of government finances, the fiscal deficit and the revenue deficit are largely driven by the rupee movement versus the dollar. Lower oil import bill means that India can afford to run a lower revenue deficit as well as a lower fiscal deficit. That explains why the government can afford to focus on fiscal discipline. When fiscal deficit and revenue deficit are in control, it is positive from the perspective of external credit ratings for the economy.

Statement 3 is incorrect.

Export driven sectors like IT, textiles and pharma tend to suffer from a strong rupee. However, due to a strong Rupee import intensive sectors tend to benefit. A stronger rupee makes imports more favourable and is especially suitable for sectors like capital goods and telecom where there is a strong import component. A strong rupee makes imports cheaper and generally tends to be positive for import intensive sectors.