A recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research reveals that the cost of green hydrogen in India is set to decrease by up to 40% with government support and incentives. The levelised cost of green hydrogen may fall to a range between ₹260 and ₹310 per kg, facilitated by measures like incentives, affordable renewable electricity, and reduction of GST rates on hydrogen. The report emphasizes that electrolyser manufacturers could see a 7-10% cost reduction over the first five years, with the implementation of these initiatives. The National Green Hydrogen Mission (NGHM) in India, particularly the Strategic Interventions for Green Hydrogen Transition (SIGHT) program, focuses on incentivizing domestic manufacturing of electrolysers and green hydrogen production. The scheme, with an estimated $2.1 billion investment, aims to leverage India's renewable energy resources to become a green hydrogen powerhouse. However, the report suggests that refinements are necessary to ensure long-term investment, viability, and to attract start-ups and global players. Furthermore, the report highlights the need for a more defined green hydrogen framework with globally accepted definitions to enhance aspects like production, origin, and timing to make a significant global impact. In line with these initiatives, the Solar Energy Corporation of India (SECI) has initiated plans to establish 1,500 MW of electrolyser manufacturing capacity in India, further supporting the country's green hydrogen vision. Authors of the report stress the importance of refining India's green hydrogen scheme to secure a robust supply chain and ensure competitiveness in the global market.