India's Thermal Coal Imports Fall for Sixth Straight Month in February
India's thermal coal imports decreased for the sixth consecutive month in February, primarily due to a slowdown in manufacturing activity and a muted growth in coal-fired power generation. The drop of 15.3% to 12.16 million metric tons reflects the longest decline since 2022, as increased domestic production and a shift towards renewable energy sources further reduce reliance on imports. While coal consumption may rise with the approaching summer season, the anticipated demand may not translate into higher import levels given the current trends in domestic output.
- This sustained decline in thermal coal imports highlights a significant transition in India's energy landscape, indicating a potential shift towards more sustainable energy practices amidst global market fluctuations.
- With the ongoing global shift towards renewable energy, how might India's energy policies evolve to balance economic growth and environmental sustainability?