As we all know - Govt ofIndia is giving much emphasisthese days on the development of Small and MediumEnterprises (SMEs). Which of the following statementsreflects the importance of the SME sector in the Indiaeconomy?(1) The Govt is following a policy of keeping some itemsreserved for SMEs only. Hence a good number of itemsfor local consumption come from these alone.(2) The main advantages of SMEs are reduction ofregional imbalances - low investment - greater operationalflexibility and low production cost. This helps in goodcontrol over prices of such items in local markets.(3) A very large number of people are employed in thissector and this sector is the second largest employer inIndia - after agriculture.