{"id":8994,"date":"2024-06-28T19:34:05","date_gmt":"2024-06-28T14:04:05","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=8994"},"modified":"2024-06-28T19:34:05","modified_gmt":"2024-06-28T14:04:05","slug":"record-decline-in-the-share-of-imported-coal-in-last-decade","status":"publish","type":"post","link":"https:\/\/new.matribhumisamachar.com\/en\/2024\/06\/28\/record-decline-in-the-share-of-imported-coal-in-last-decade\/","title":{"rendered":"Record Decline in the Share of Imported Coal in Last Decade"},"content":{"rendered":"<p style=\"text-align: justify;\">India, endowed with the fifth-largest coal reserves globally, stands as the second-largest consumer of coal, propelled by a fast-growing economy.<\/p>\n<p style=\"text-align: justify;\">In overall coal consumption spectrum, the unavailability of coking coal and high-grade thermal coal within our reserves necessitates imports to meet the requirements of industries like steel etc. However, medium and low-grade thermal coal are abundantly available domestically, making it imperative for the country to sufficiently produce to fulfil domestic demand.<\/p>\n<p style=\"text-align: justify;\">Over the past decade, concerted efforts to bolster coal production have yielded a positive trend. Notably, from fiscal year 2004-05 to fiscal year 2013-14, the compound annual growth rate (CAGR) of coal production stood at 4.44% only. While, from fiscal year 2014-15 to fiscal year 2023-24, this figure rose to around 5.63%.<\/p>\n<p style=\"text-align: justify;\">Additionally, CAGR of coal import from fiscal year 2004-05 to fiscal year 2013-14 stood significantly at 21.48% however, the CAGR of coal import from fiscal year 2014-15 to fiscal year 2023-24 stood at 2.49% only.<\/p>\n<p style=\"text-align: justify;\">Moreover, CAGR of imported coal share stood at 13.94% during the period from fiscal year 2004-05 to 2013-14 while the same figure plummeted to around -2.29%.<\/p>\n<p style=\"text-align: justify;\">With strategic focus on optimizing indigenous coal resources and leveraging innovative technological solutions, India continues its journey towards self-reliance or Atmanirbhar in energy security of the nation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India, endowed with the fifth-largest coal reserves globally, stands as the second-largest consumer of coal, propelled by a fast-growing economy. In overall coal consumption spectrum, the unavailability of coking coal and high-grade thermal coal within our reserves necessitates imports to meet the requirements of industries like steel etc. However, medium and low-grade thermal coal are [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":106422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52886],"tags":[],"class_list":["post-8994","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-english-news"],"_links":{"self":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/8994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=8994"}],"version-history":[{"count":0,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/8994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media\/106422"}],"wp:attachment":[{"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=8994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=8994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=8994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}