Consider the following statements 1 Mumbai is the hub of the petrochemical industries 2 Petroch...........

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Consider the following statements:

1. Mumbai is the hub of the petrochemical industries.

2. Petrochemical Industries has been declining very fast in India.

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 Nor 2

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Explanation:

Petrochemical Industries has been growing very fast in India. A variety of products come under this category of industries. In 1960s, demand for organic chemicals increased so fast that it became difficult to meet this demand. At that time, petroleum refining industry expanded rapidly.