India’s Push to Lead the Global Green Hydrogen Market

On 19th August 2025, the Federation of Indian Chambers of Commerce & Industry (FICCI) and Ernst & Young (EY) released a joint report outlining how India can capture 10% of the global green hydrogen market by 2030.

Key Points from the Report

  • Strategic Potential: India can achieve 10% of the global green hydrogen market if challenges are resolved.
  • Market Growth: Global market to grow from $8.78 billion (2024) to $199.22 billion (2034); India’s share projected at $2.81 billion by 2030 (56% CAGR).
  • Subsidy Shift: Reallocating fossil fuel benefits to renewables and introducing carbon pricing would boost hydrogen adoption.
  • Capacity Needs: Achieving 5 MMT ....
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Ecology & Environment