Given below are two statements:

Statement I: According to the World Inequality Report 2022, in India the top 1% of the population hold more than one-fifth of the total income in 2021 and bottom half just 13%
Statement II: According to the World Inequality Report 2022, in India female labour income share is equal to 18% which is significantly lower than the average in Asia.

In the light of above statements, choose the most appropriate answer from the options given below:

Both Statement I and Statement II are true

The correct answer is Option (1) → Both Statement I and Statement II are true