As of 2024, total support for coal producers in India is forecasted to be $36.68 million, showing a gradual decline through 2028 when it is projected at $35.71 million. This represents a marginal year-on-year decrease over the period, with the compound annual growth rate (CAGR) highlighting a slight downward trend from previous levels in 2023.
Future trends to watch for:
- Increasing focus on renewable energy sources, potentially accelerating the decline in coal support.
- Government policies and international climate commitments aiming for reduced fossil fuel dependency.
- Technological advancements could either bolster coal efficiency or further its declining support through alternatives.
