business ๐ฅ India's Coal Demand to Soar to 1.6 Billion Tons by 2030
India's coal demand is forecast to increase significantly to 1.6 billion tons by 2030. This projection was stated by Indian Coal Secretary Vikram Dev Dutt at a commodity industry event in Mumbai. Currently consuming about 1.2 billion tons, the surge is driven by rising electricity and industrial activity. The nation plans a coal trade exchange to boost transparency and energy security. This shift requires more efficient, market-driven mechanisms for coal trading moving forward.