Consider the following statements regarding India's IRNSS (NavIC) satellite navigation system:

1. The IRNSS constellation consists of three satellites in geostationary orbit and four in geosynchronous orbit.

2. IRNSS provides accurate positioning coverage up to 5,000 km beyond India's borders.

3. IRNSS is designed to provide global coverage, similar to GPS.

Which of the statements given above is/are correct?