Commodity Market Report
India Coal Strategic Planning Outlook 2024
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Report summary
India will drive sustenance in the seaborne coal markets in the future. Although the country’s domestic coal output will grow substantially, it will fail to meet the demand growth, keeping imports strong. India, on average, will contribute to about 29% and 35% of the global seaborne thermal and metallurgical coal demand during the forecast period. The country’s economic outlook remains buoyant, which will correspondingly drive the growth in energy consumption along with infrastructure developments. Read our strategic planning outlook for our views on: • What role will captive/commercial miners play in accelerating domestic coal supply growth? • How does renewables’ growth change coal’s role in the power sector? • Will the dependence of non-power sectors on the seaborne thermal coal market continue? • How will the expansions in the steel sector drive the metallurgical coal demand? • What is the outlook of India’s seaborne coal imports?
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