June 28, 2024 10:44 PM

India’s coal production surges, import dependency declines

India, home to the world's fifth-largest coal reserves, has seen a significant boost in domestic coal production over the past decade, reducing its reliance on imports despite being the second-largest consumer of coal globally. Recent data reveals a marked improvement in India's coal production growth rate. From fiscal year 2004-05 to 2013-14, the compound annual growth rate (CAGR) of coal production was 4.44%. However, this figure rose to approximately 5.63% between fiscal years 2014-15 and 20...