Energy industry executives in India are eagerly awaiting the full Union Budget 2024 presentation by Finance Minister Nirmala Sitharaman. Expectations revolve around initiatives to enhance the nation's energy self-sufficiency, remove regulatory hurdles, allocate funds for renewable energy projects, and encourage the adoption of green hydrogen over gray. The CEO of Essar Power emphasized the importance of significant allocations for renewables and grid infrastructure, along with policy reforms and private investment promotion. Nayara Energy's CEO highlighted the need for investment in refining and petrochemical capacities, anticipating tax incentives and support for clearances and land acquisition. The aim is to boost energy security and attract both domestic and foreign investments. The industry also looks forward to continued success in the ethanol blending program and potential incentives for transitioning to green hydrogen. Additionally, there are calls for incentivizing corporates to fund research and development, as well as developing renewable energy storage systems. The upcoming budget is seen as critical for strengthening the energy sector, especially in oil and gas. Executives stress the importance of policy frameworks, tax structure adjustments, and inclusion of petroleum products in the GST regime to ensure sector stability amidst global market fluctuations.