India’s Green Hydrogen Strategy in Action: Policy Actions, Market Insights, and Global Opportunities
India is poised to remain the world’s fastest-growing major economy, and this rapid growth is driving a sharp rise in energy demand. As the most populous country on the planet, India urgently needs to decarbonize its energy systems.
This policy brief is the third in a series analysing India’s energy transition’s financial and regulatory challenges. Previous analyses focused on financially distressed distribution companies (DISCOMs) and the substantial investments required to upgrade transmission infrastructure and expand battery storage capacity. This edition turns its focus to green hydrogen—a transformative opportunity that has the potential to redefine industrial growth and enhance energy security.
Key takeaways :
- Launched in January 2023, India's National Green Hydrogen Mission aims to transform the energy sector, attracting ₹8 lakh crore (€88 billion) in investments and creating 600,000 clean energy jobs.
- India aims to reduce green hydrogen costs from €4.84-6.11/kg to €1.37/kg by 2030 through low-cost renewable energy and local electrolyser manufacturing, positioning itself as a global leader in hydrogen exports.
- India is leveraging hydrogen diplomacy to forge strategic partnerships with Gulf nations and Europe, with the India-Middle East-Europe Economic Corridor (IMEC) optimizing hydrogen exports.
- To become a global hydrogen leader, India must bridge critical infrastructure gaps, fast-track electrolysis technology advancements, and overcome competition from heavily subsidized markets like China and the US.
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India’s Green Hydrogen Strategy in Action: Policy Actions, Market Insights, and Global Opportunities
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