The embargo on rare-earth magnets by China reflects a gap in India’s critical mineral supply chain. India should reduce the need for these minerals by promoting green hydrogen.

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.