India's energy sector is a major contributor to the country's economic growth as it moves towards becoming a US$ 5 Trillion economy in the next few years. To achieve this growth, a focus on renewable energy sources, power utilities, and energy efficiency is crucial. The government aims to accelerate the country's energy transition by addressing challenges in solar, wind, energy storage, green hydrogen, and other green molecules markets. The article emphasizes the importance of a balanced approach to meet domestic demand for solar modules, especially amidst the global supply constraints. It also highlights the potential of offshore wind markets and the need for local manufacturing to reduce costs. Green hydrogen and derivatives are identified as key areas for investment, requiring fiscal support and market development to drive scale. Furthermore, the emerging markets of Bio-CNG and Sustainable Aviation Fuel are highlighted, suggesting that tax benefits could stimulate investments in these sectors. Rationalizing GST for materials used in energy projects like Pumped Hydro Storage Plant and Battery Energy Storage Systems (BESS) is proposed to enhance competitiveness. In the power and utilities sector, significant improvements have been made in reducing losses, improving billing, and increasing power availability. The article recommends increased smart meter manufacturing through PLI-based support and inclusion of more consumer categories for improved efficiency. Overall, the sentiment of the article is positive towards India's focus on renewable energy and green hydrogen as key drivers for a sustainable energy ecosystem. The proposed measures and budget allocations aim to support the growth of green energy markets and enhance the resilience of the power and utilities sector.