The pursuit of sustainable energy sources has positioned biofuels as a viable alternative to fossil fuels, particularly in the context of India's growing energy demands and environmental concerns. Utilizing historical data from the World Bank, this study forecasts changes in India's agricultural land (% of land area) and renewable energy consumption (% of total final energy consumption) up to 2030 through Exponential Smoothing (ETS) in R. The projections indicate a decline in agricultural land and a rise in renewable energy consumption. Yet the question remains: How can India reconcile the decreasing availability of agricultural land with the ambitious targets set in its National Biofuel Policy? Through SWOT, PESTEL, and GAP analyses of India's National Biofuel Policy (2018) and its 2022 amendment, this study identifies strategic opportunities and challenges. The findings suggest that leveraging advanced biofuel technologies, optimizing land use, and implementing targeted policy actions are crucial for aligning biofuel production with sustainability goals. The study emphasizes the importance of sustainable land management, technological innovation, and stakeholder engagement to enhance the biofuel sector's contribution to India's energy security and environmental objectives.