In 2023, the total support on coal for all beneficiaries or sectors in India stood at $89.61 million, representing the base year. The projected constant dollar forecasts show a consistent declining trend in support from 2024 through 2028, with the support decreasing from $86.55 million in 2024 to $74.55 million in 2028. This represents a year-on-year variation of approximately -3.5% in 2024, -3.5% in 2025, -3.7% in 2026, and -3.8% in 2027. The overall compound annual growth rate (CAGR) over the five-year period is approximately -3.9%.
Future trends to watch for include:
- Government policy shifts towards renewable energy that could further impact coal support negatively.
- Global market influences, such as changes in coal pricing and international regulations on carbon emissions.
- Technological advancements in energy production that may alter the energy landscape significantly.
