India is the most populous nation and among the most rapidly growing economies in the world. Agricultural lands cover ~53% of its geographical area, which together contribute to significant CO2 emissions. Additionally, biodiverse forests, grasslands and mangroves cover almost 22%, 19%, and 0.15% of the landmass with potentially large carbon sinks. For effective climate mitigation policy development and ecosystem health impact assessment in a changing climate, it is necessary to understand the carbon, water, and energy cycles in the region, which have remained elusive mainly due to a missing network of eddy covariance (EC) flux towers. This has resulted in a large uncertainties in the national, regional, continental, and global carbon budgets and impaired remotely sensed biophysical product development. To address this, we have systematically reviewed EC flux observations at twelve sites spread across different geoclimatic regions in India, representing its major land cover types for the first time since their inception. The Indian summer monsoon is a major planetary scale process that modulates the hydrometeorology of the surrounding region. Croplands absorb maximum CO2 during the monsoon, although it is not necessarily the favored season for carbon uptake across all ecosystems. Whereas some forests, croplands, and mangroves are found to act as well-watered ecosystems, others oscillate between well-watered and water-limited states, driven by temperature and moisture dynamics. Grasslands retain a large fraction of carbon. Water-limited ecosystems have the highest water use efficiency (WUE), whereas irrigated croplands have the lowest. Indian forests are predominantly tropical and subtropical, and have a smaller WUE than temperate and boreal forests; overall, their WUE lies in an intermediate range in the Indian region. The monsoon is shown to reverse the physiological control of the canopy-atmosphere coupling that is predominant during other times of the year. This information will be useful to scientists, economists, resource managers, and policymakers during the transition towards a sustainable and just global net-zero economy. Finally, we also identify the key areas for expanding the flux tower network in India and make the case for sustained measurements.