Consider the following statements about Inclusive Development Index (IDI) which is published by the World Economic Forum:

1. IDI measures progress of 103 economies on three pillars of growth and development, inclusion and inter-generational equity.

2. Out of 103 economies, the index acknowledges 29 as advanced economies and remaining 74 as emerging economies.

3. The index categories the economies into five categories based on Inclusive Growth Score – Receding, Stable and Advancing.

Which of the above statements is/are correct?