World Economy

India’s Coal Imports Slump

India’s Coal Imports SlumpIndia’s Coal Imports Slump

India’s coal imports fell 27% to 12.6 million ton in September from a year earlier as local output jumped, Coal Secretary Anil Swarup said on Monday, Reuters reported. “With unprecedented increase in coal production by Coal India Ltd, import of coal comes down for third successive month,” Swarup tweeted. India is opening a mine a month as it races to double coal output by 2020.