Industry experts in India are eagerly awaiting the unveiling of measures in the upcoming Union Budget 2024-25 designed to boost investments in the renewable energy sector. Finance Minister Nirmala Sitharaman is set to present the budget on July 23, with predictions pointing towards policy-related measures and incentives targeting clean energy. Suggestions from experts include the need to prioritize green growth, expedite pumped storage projects, and introduce a Viability Gap Funding (VGF) scheme for battery storage products. One key aspect highlighted is the potential for concessional tax rates on the sale of carbon credits and Renewable Energy Credits (RECs). Experts also emphasize the importance of policy adjustments to address challenges faced by the Green Hydrogen sector, such as indirect taxes and GST refunds. The recommendation to consider electricity from renewable sources to Green Hydrogen units as deemed exports for GST refunds is a crucial step proposed to support sector growth. Ashwin Jacob from Deloitte suggests clarifications on loss offsets and unabsorbed depreciation, alongside considerations for reduced customs duties on solar modules used in Green Hydrogen projects. The need for policy changes to accelerate pumped storage projects is underlined as vital for India's energy transition. Overall, the sentiment towards hydrogen in the article is positive, with experts highlighting the opportunities and challenges facing the renewable energy sector in India.