India's green hydrogen sector is poised to experience significant cost reductions, with projections indicating a potential drop of up to 40%. The Institute for Energy Economics and Financial Analysis (IEEFA) report underscores the pivotal role of this anticipated reduction, attributing it to robust government support and incentive schemes. The National Green Hydrogen Mission, launched with a substantial outlay, aims to establish a considerable green hydrogen production capacity by 2030, in line with the nation's net-zero emissions target. Key policy measures such as affordable renewable electricity, waived transmission charges, and reduced GST rates are designed to enhance the sector's viability. Additionally, electrolyser manufacturers are set to benefit from reduced system costs, fostering domestic manufacturing capabilities. The industry's enthusiastic reception of the initiative is coupled with recommendations for further refinements to attract investments and ensure sustained growth. The green hydrogen initiative holds the promise of transforming various sectors and contributing significantly to India's energy security and decarbonization objectives. This development aligns with the country's ambitious targets and pledges, positioning India as a leader in renewable energy and climate action.