Consider the following statements regarding India's macroeconomic indicators:

1.A widening Current Account Deficit (CAD) strictly indicates that a country is a net borrower from the rest of the world to finance its domestic consumption and investment.

2.A high Fiscal Deficit always translates into a proportionally higher Current Account Deficit, a direct relationship often described by the 'Twin Deficit Hypothesis'.

3.A sustained surge in domestic retail investments towards Gold Exchange Traded Funds (ETFs) can exert upward pressure on the Current Account Deficit.

Which of the statements given above are correct?