India is at a critical juncture in its clean energy transition, with green hydrogen offering a transformative opportunity to diversify the country’s energy mix and participate in the future of global energy trade. Recognising this opportunity, Indian industry players have announced projects for a production capacity of up to 12 million tons per annum (Mtpa) of green hydrogen and its derivatives by 2030, aimed at both domestic use and exports. Notably, nearly 30% of this capacity is directed internationally, positioning India to become a key supplier to European and East Asian markets.
However, over the past two to three years, global momentum around green hydrogen has slowed, marked by delayed final investment decisions, softening price signals, and underwhelming offtake commitments. This emerging uncertainty, combined with evolving international standards and subsidy regimes, underscores the need for Indian public and private stakeholders to closely track the latest market developments, risks, and enablers shaping the global hydrogen economy. To become a competitive supplier of green hydrogen and its derivatives, India will need to address key challenges: cost competitiveness, demand uncertainty, and regulatory and infrastructure gaps.
This report “Unlocking India’s Green Hydrogen Exports: Pathways, Markets, and Trade Catalysts” by RMI identifies key challenges and strategic drivers in India’s export ecosystem of green hydrogen and its derivatives, analysing market demand trends, cost dynamics, and four critical trade enablers: infrastructure preparedness, standards and certifications, strategic partnerships and global agreements, and trade and financial de-risking mechanisms. Drawing on global developments, it provides actionable recommendations to position India as a cost-competitive exporter of green hydrogen and its derivatives.
Access the report here
