India’s hydrogen demand is expected to reach 8.8 MTPA by 2032, growing at 3% CAGR, according to IESA. Despite green hydrogen announcements exceeding 9.2 MTPA, only a few projects have reached FID. Electrolytic and bio-hydrogen may meet 31% of the 2032 demand. Key cost challenges remain, with LCOH significantly higher than fossil-based hydrogen.
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