A recent report by S&P Global highlights India's critical need to accelerate the development of its green hydrogen economy to achieve the net-zero emission target by 2030. The current projections indicate potential delays of up to a decade in meeting this goal. India's energy transition strategy revolves around key themes like energy efficiency, renewable energy, low-emission fuels, and sustainable mobility. The government has put in place a policy framework combining subsidies, mandates, taxes, and incentives to drive investments in these sectors. However, historical data shows a significant allocation towards fossil fuels compared to green energy. The report emphasizes the importance of green hydrogen as a pillar of India's energy transition and underscores the necessity for urgent investments and supportive policies. Challenges exist in the form of disparities in returns between traditional fossil fuel companies and emerging green energy ventures. Despite increased interest and stock valuations in the green sector, oil and gas companies have outperformed renewable energy counterparts in capital returns. To address these challenges, India aims to enhance gas's share in the energy mix from the current 6 percent to 15 percent by 2023, promoting flexibility alongside renewable energy growth. The report also highlights the importance of securing critical minerals for the energy transition and emphasizes the need for domestic exploration to support this initiative. Furthermore, the report suggests reforms in the power sector to tackle legacy issues and improve grid reliability. It advocates for fostering a competitive market environment, encouraging private participation, and promoting energy-efficient solutions in various industries. Developing robust manufacturing ecosystems for clean energy technologies is vital, requiring domestic raw material supplies and skilled workforce development. To attract more clean energy investments, India must create an enabling environment for green bond issuances and innovative financing models. Strengthening financial institutions' capacities to manage green projects will be essential in attracting private capital. Supporting research in off-grid technologies and promoting decentralised renewable energy solutions can address energy access challenges, particularly in rural areas. Public-private partnerships are also identified as key facilitators for technology development in the clean energy sector.