The direct transfer on coal for all beneficiaries or sectors in India is projected to decrease steadily from 2024 to 2028. Starting from a forecasted $86.55 million in 2024, it is expected to drop to $74.55 million by 2028, marking a consistent annual decline. In 2023, this transfer stood at $89.62 million, indicating an initial decline in 2024. The year-on-year percentage decrease is anticipated to be around 3.5% on average, translating into a compound annual growth rate (CAGR) of approximately -3.5% over the five-year period.
Future trends to watch for:
- Impact of renewable energy adoption on coal dependency.
- Changes in government subsidies and policies affecting coal consumption.
- Technological advancements in coal utilization efficiency.
- Global coal market fluctuations influencing domestic decisions.
