Consider the following statements regarding naturally occurring hydrogen:

1. Natural hydrogen can be generated through geological processes such as serpentinisation, radiolysis, and organic matter decomposition.

2. India lacks geological conditions favourable for generating or accumulating natural hydrogen.

3. According to a model by the U.S. Geological Survey, even a fraction of natural hydrogen reserves could meet global hydrogen demand for hundreds of years.

Which of the statements given above is/are correct?