The direct transfer on coal for fossil fuel production in India is projected to decrease from $84.34 million in 2024 to $72.32 million in 2028. This forecast indicates a consistent downward trend, with an average annual decrease of approximately 3.79% over the five-year period. In the years 2024 to 2025, the decline is 3.71%, followed by a 3.75% decrease in 2025 to 2026.
Future trends to watch for include:
- Government policies favoring renewable energy investments impacting coal subsidies
- Global pressure to reduce carbon emissions potentially accelerating the decline
- Technological advancements in fossil fuel production efficiency influencing financial transfers