Directions : Study the following information carefully and answer the below questions:

Statement: “Sudden decline in GST tax collection pulled down overall rise in gross direct tax mobilization in the first half of the current year, ruling out any pickup in growth in the first quarter of the year, indicating that the government will find it difficult to meet its tax target for this year.” Inferences:

(I) GST tax collection rise only in the first quarter of the current year.

(II) Industrial production and development slowed down in the first half of the year.

(III) The government has achieved the target of corporate as well as GST tax collection in comparison to previous year.

(IV) Poor tax collection in the GST tax collection pulled down the economy of our country.

(V) The government is likely to face difficulties in achieving the target of collection of GST tax due to slowdown in production and the government has forecast a growth in GST tax. 

Which of the inferences numbered (I), (II), (III), (IV), and (V) can be concluded from the fact/information given in the statement?