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Both statements 1 and 2 are correct.
Statement 1: India is indeed the original home of the cotton plant. Cotton has been cultivated in India for thousands of years, and it holds a significant place in the country`s history and economy. The cotton plant is native to the Indian subcontinent, and India has a long tradition of cotton cultivation and textile production.
Statement 2: India is also the first country in the world to develop hybrid cotton varieties, which have led to increased production. The development of hybrid cotton varieties in India has played a crucial role in improving cotton yields, enhancing pest resistance, and increasing overall productivity in cotton farming. This achievement has had a significant impact on the cotton industry in India and globally.
Therefore, the correct answer is "Both 1 and 2."