Green hydrogen has emerged as a key energy source as the world moves toward a low-carbon future. To investigate the emerging green hydrogen economy and identify prospects unique to India, this research conducts a qualitative evaluation. The chapter explores the strategic drivers, challenges, and possible opportunities of green hydrogen in industries, including industry, transportation, and electricity, drawing on governmental papers, industry reports, and scholarly literature. Rapid development is made possible by India's abundant renewable energy resources, ambitious climate goals, and supportive government programs, such as the National Green Hydrogen Mission. According to research, India has the potential to lead the world in producing, utilizing, and exporting green hydrogen, thereby promoting job creation, industrial decarbonization, and energy security. However, integrated regulatory frameworks, public–private partnerships, and investment in research and innovation are necessary to solve critical issues such as high production costs, infrastructural shortages, and technological maturity. The chapter highlights that India can harness its renewable energy potential to create a competitive and robust green hydrogen economy, establishing itself as a leader in the world's energy transition through careful planning and persistent effort.