India and France are both large energy importers with a shared interest in stable prices and decarbonisation. They have much to offer each other. France is a leader in nuclear power and green hydrogen, and can help India with the technology it needs. India, with its large and growing market, can help bring down the cost of these technologies and mainstream them.

The ongoing Russia-Ukraine war has increased global oil prices and highlighted India's vulnerability to price shocks. Green hydrogen is a viable alternative for India to diversify its energy sources and maintain energy security. It will need a concerted effort by government, private companies and start-ups with venture funds focused on green hydrogen.

Last month, the Government of India released its Green Hydrogen Policy with the goal of boosting energy self-reliance and inspiring clean energy transitions. The time is right for the Indo-Pacific economies to finance green hydrogen projects and integrate them into supply chains.

On February 17, India launched the Green Hydrogen Policy which facilitates the production of hydrogen and ammonia to replace fossil fuels. Produced from water by electrolysis, green hydrogen offers a way to store renewable energy in bulk. This paper analyses the viability of green hydrogen in India as a vehicle fuel and industrial gas, and makes recommendations for the usage of this clean energy source by companies, entrepreneurs, and policy-makers.