Detailed Solution:
The correct answer is “1, 2 and 3 are correct”.
The correct answer is (1) 1, 2, and 3 are correct.
1) India's population is indeed characterized by a high growth rate.
2) With the current growth rate, India is likely to overtake China in the near future.
3) India does have a significant population proportion globally, as out of every six persons in the world, one is Indian.