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Explanation:

Only statements II or III can serve as the introductory statements but since statement III is not present in any of the answer options as the introductory statement, we are compelled to choose statement II as the introductory statement. Therefore, we can eliminate options 1 and 4.
The gist of statement II is that according to the author, other companies look to the author’s company “as a hunting ground for talent.”
Statements I and IV will follow statement II since they describe the actions taken by the company to minimize the risk of high employee attrition. Statement I will follow II with one action the company has taken, namely “ESOPs”. Statement IV, with the word, “further” will follow statement I detailing some other actions taken by the company to “mitigate the risk” - “development of leadership skills” and building “employee motivation”.
Statements II, I and IV in that order constitute a coherent paragraph. Statement III with its monologue on the growth of the Indian economy leading to an increased requirement for talented managers is superfluous and can be rendered redundant since this statement, if included, would make the paragraph somewhat disjointed. Secondly, it is a generalized statement having no bearing on the other three statements. Therefore, we can eliminate option 2.
Hence, the correct answer is option 3.

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