India’s coal exports have seen a tremendous surge. According to government data, coal exports in FY 2024-25 rose 23.4% to 1.908 million tonnes (MT), while in 2023-24 it was 1.546 MT. According to the government, these figures are currently temporary, but it clearly shows that India is now moving towards strengthening its grip in the global market of coal.
Great earnings from coal exports
In terms of price, coal exports in 2024-25 stood at Rs 1,828.2 crore, which was Rs 1,643.4 crore last year. That is, India has earned a lot of coal exports.
Which countries go to India’s coal?
India exports coal to neighboring countries like Nepal, Bangladesh and Bhutan. According to a study, India has the capacity to export about 1.5 million tonnes (15 million tonnes) coal to its neighboring countries. The government aims to promote coal exports, increase domestic production and reduce the dependence on imports to make the country self -sufficient in terms of energy.
How much coal can go where
According to the report, India has the capacity to export 8 million tonnes to Bangladesh, 3 million tonnes to Myanmar, 2 million tonnes to Nepal and 2 million tonnes to other countries. Along with this, India also mines coal to meet its domestic needs.
Export will prove to be helpful in economic development
Increased production and export of coal will not only increase the income of the government, but will also create new employment opportunities. Along with this, it will also contribute a major contribution to India’s economic growth. Reducing coal imports and increasing exports is a very important step for India’s energy security. By increasing dependence on domestic coal, the country can protect itself due to the impact of prices fluctuations in the global market.