India's 2024 Union Budget has allocated INR 600 crore to the National Green Hydrogen Mission, showing a significant increase from the previous year. While promising, the Budget lacks specific details on allocation strategies and immediate priorities for the initiative. The Mission, launched in January 2023 with a substantial initial investment, aims to position India as a global leader in green hydrogen production, aligning with the country's goals of energy independence and net-zero emissions by 2070. Key applications of green hydrogen include various industries like ammonia, petroleum refining, and steelmaking. The Mission also concentrates on boosting domestic production of electrolyzers by providing incentives for local manufacturing. However, managing ambitious production targets and challenges like water intensity, financial risks, and demand stimulation are crucial. To address these challenges, a mix of regulatory and incentive-based policies is essential. Strategies like mandating a percentage of steel and ammonia production using green hydrogen can drive demand. Moreover, the localization of electrolyzer manufacturing aims to reduce costs and uncertainties surrounding the technology. Collaboration with international institutions and innovative funding mechanisms can attract private investment for the energy transition. Integrating water desalination plants with electrolyzer facilities, strict wastewater treatment regulations, and sustainable infrastructure development are vital for mitigating ecological impacts. Scaling green hydrogen production in line with India's Net Zero targets could unlock significant market potential, driving economic growth while supporting climate objectives. Effectively addressing challenges and transitioning towards green hydrogen production is critical for achieving a sustainable and just energy transition.