India's Green Hydrogen costs may drop up to 40% due to government incentives, reducing the price to ₹260-310 per kg ($3-3.75 per kg). Subsidies include waived inter-state transmission charges, lower distribution fees, and a 5% GST rate. Electrolyser costs are expected to decline 7-10% by 2029. While the initiative is promising, the report calls for refinements to attract startups and secure long-term demand.
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