The option "Neither 1 nor 2" is correct because, in the last five years, India's GDP growth has experienced fluctuations due to various factors, including the impact of the COVID-19 pandemic, leading to a contraction in 2020 followed by a recovery that has not been consistent year-on-year. Similarly, per capita income growth has not steadily increased; it is influenced by both GDP growth and population growth rates, and in periods of low economic growth or contraction, per capita income may stagnate or decline, highlighting the importance of analyzing economic indicators with consideration of their broader context.