The forecast for total support on coal for fossil fuel production in India shows a declining trend from 2024 to 2028. Starting at $86.55 million USD in 2024, the support decreases to $74.55 million USD by 2028, reflecting a decrease of 13.87% over the five-year period. The year-on-year reduction in support is consistent, averaging at 3.07% annually.
Future trends to watch for include shifts in government policy towards renewable energy investments, as India aims to meet its climate commitments. Increasing regulatory pressures and advancements in renewable energy technology could further accelerate this transition away from coal reliance.
