India Coal 10-year Investment Horizon Outlook - 2023

India will drive long-term growth in seaborne coal market. The country’s economic outlook remains buoyant, which will correspondingly drive the increase in energy consumption and infrastructure developments. Total power generation and crude steel production, driven by coal, will grow by 58% and 54%, respectively, over the investment horizon. India’s decarbonization pledges remain very rigid. So, what role will coal play in balancing India’s energy security needs and climate change mitigation measures? Read our latest investment horizon outlook for our views on: • The interplay between coal and renewables in the power sector. • Impact of the decarbonization policies on industrial coal demand. • Role of non-legacy producers in domestic coal supply growth. • India’s seaborne coal imports outlook and its role in shaping future coal market. • Developments in logistical infrastructures to support the coal demand growth.