The EY-Parthenon report emphasizes the urgent need for India to prioritize green manufacturing and aggressive decarbonization, especially in sectors such as oil and gas, steel, and cement. Without proactive measures, carbon dioxide emissions from these sectors could double within the next 15 years, reaching approximately 2 gigatons annually. The report stresses the importance of balancing high economic growth with sustainability to achieve 'Viksit Bharat'. Key recommendations include integrating renewable energy, adopting green technologies, and promoting fuel sources to make manufacturing processes cleaner. Green hydrogen is identified as a pivotal solution, with the potential to significantly reduce emissions in the coming years. India currently faces challenges in transitioning to green hydrogen due to cost barriers, with green hydrogen priced significantly higher than grey hydrogen. However, initiatives such as Carbon Capture, Utilization, and Storage (CCUS) are gaining momentum, supported by investments from leading oil and gas players. The report suggests that to drive sustainable industrialization, India should establish clear carbon reduction targets, introduce tax incentives for green initiatives, and implement carbon pricing mechanisms. Moreover, the report highlights the importance of public-private collaborations, boosting R&D investments, and providing skill development programs to support the emerging green economy job market. As India's economy progresses towards a $7 trillion valuation by 2030, the demand for energy is expected to surge, necessitating a shift towards low-carbon investments and technologies to ensure long-term competitiveness and energy security. The projected growth in economic activity underscores the significance of embracing green manufacturing practices to meet India's evolving energy needs and environmental targets.