In 2023, the Direct Transfer on Coal for all beneficiaries or sectors in India stood at a certain benchmark, which we are forecasted to observe a gradual decline in the coming years. The data projects a steady decrease in direct transfers with an 84.34 million USD value in 2024, dropping to 72.32 million USD by 2028.
The year-on-year decline from 2024 through 2028 ranges from approximately 3.7% to 4%, indicating a consistent downward trend across the forecasted period. Over these five years, the Compound Annual Growth Rate (CAGR) reflects a calculated average yearly decrease in coal direct transfers.
Future trends to watch for include policy shifts regarding coal usage and initiatives aimed at transitioning to renewable energy sources. Additionally, economic factors affecting demand and supply dynamics in the coal industry may further influence these projections.
