Statement (I) : Sustainable development means an attempt to achieve the balance between economic growth and conservation / protection of environment.
Statement (II) : Sustainable development means meeting the needs of industries without compromising the needs of import - export balancing.
Statement (III) : Sustainable development means creation of sufficient surplus budgets through stock of capital assets including land.
The question asks to identify the incorrect statements regarding sustainable development. Let's analyze each statement:
Based on the analysis:
The statements that are not correct are (II) and (III).
The option containing the incorrect statements (II) and (III) is the correct answer.