India is poised to become a major player in the global green ammonia market, thanks to its cost advantages in solar photovoltaic (PV) and wind energy sectors. By 2030, India's green ammonia production costs could be significantly lower than China's and Australia's. Companies like Reliance Industries (RIL) are pivotal in this energy transition, with plans to scale up solar PV manufacturing to 20GW by CY26 and securing incentives for green hydrogen production. The Indian government's support for domestic solar module manufacturing through initiatives like the PLI-Tranche II scheme is driving the country towards becoming one of the lowest-cost producers of solar modules globally. These efforts aim to add 48GW of solar module manufacturing capacity by April 2026, with significant milestones expected in the coming years. In contrast, China is facing challenges in its lithium-ion battery market, with an expected oversupply that could impact battery prices. India, on the other hand, is benefitting from falling solar module and lithium-ion battery prices, driven by government initiatives and economies of scale. These developments are accelerating India's progress towards achieving round-the-clock renewable energy and green hydrogen targets ahead of schedule.