New Delhi: The government on Friday said the annual growth in India's coal imports has slowed to just 2.49 per cent over the past decade till FY 2024 as the country moves towards becoming self-reliant in energy security.
The compound annual growth rate (CAGR) of coal imports from 2004-05 to 2013-14 was 21.48 percent. However, the CAGR of coal imports from 2014-15 to 2023-24 stood at only 2.49 per cent, the coal ministry said in a statement.
"Moreover, the CAGR of the share of imported coal during the period FY 2004-05 to 2013-14 was 13.94 per cent, while the same figure declined to about -2.29 per cent during the last decade."
The statement said that with a strategic focus on optimizing indigenous coal resources and leveraging innovative technological solutions, India continues its journey towards self-reliance in the country's energy security.
It said that India, which has the fifth largest coal reserves globally, is the second largest consumer of dry fuel.
The compound annual growth rate (CAGR) of coal imports from 2004-05 to 2013-14 was 21.48 percent. However, the CAGR of coal imports from 2014-15 to 2023-24 stood at only 2.49 per cent, the coal ministry said in a statement.
"Moreover, the CAGR of the share of imported coal during the period FY 2004-05 to 2013-14 was 13.94 per cent, while the same figure declined to about -2.29 per cent during the last decade."
The statement said that with a strategic focus on optimizing indigenous coal resources and leveraging innovative technological solutions, India continues its journey towards self-reliance in the country's energy security.
It said that India, which has the fifth largest coal reserves globally, is the second largest consumer of dry fuel.
