Commodity Market Report
India coal long-term outlook H2 2019: US$5 trillion economy target to drive demand
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Report summary
India remains the major driver of thermal and metallurgical coal demand, globally. We expect demand to increase 40% by 2040 from current levels provided reforms continue and economy progresses to realise its full potential. The Indian government, to achieve a US$5 trillion economy by 2025, recently unveiled the National Infrastructure Pipeline, in which total project capital expenditure of US$1.4 trillion has been planned in the infrastructure sector for the next six years (till March 2025). While we do not expect the entire investment plan to materialise, the focus on developing infrastructure will augur well in the coming decades, as it will help support and meet the country’s growing demand In this report, we look at the impact of these investments on the coal demand and how does the economic growth impacts various sectors consuming coal, including steel and cement.
Table of contents
- Thermal coal to maintain an important role, albeit at a slower growth rate
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Infrastructure investment to boost steel demand growth, but near-term growth could be modest
- A comprehensive PowerPoint presentation and related Excel spreadsheets are available in the download section of this report, detailing the full H2 2019 long-term outlook.
Tables and charts
This report includes the following images and tables:
- Fuel rate dynamics have changed drastically over the last few years
- Environment the key factor in driving coal demand lower in the long term
What's included
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