SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India's coal imports decline 2.49% in past decade until FY24

29 Jun 2024 Evaluate

With the country’s move towards becoming self-reliant in energy security, the annual growth in India's coal imports has declined to 2.49 per cent in the past decade until FY24. The compound annual growth rate (CAGR) of coal imports from 2004-05 to 2013-14 stood significantly at 21.48 per cent. However, the CAGR of coal import from 2014-15 to 2023-24 stood at 2.49 per cent only. 

Moreover, CAGR of imported coal share stood at 13.94 per cent during the period from fiscal year 2004-05 to 2013-14, while the same figure plummeted to around -2.29 per cent during the last decade. With strategic focus on optimising indigenous coal resources and leveraging innovative technological solutions, India continues its journey towards self-reliance in energy security of the nation.

India, endowed with the fifth-largest coal reserves globally, stands as the second-largest consumer of dry fuel. In overall coal consumption spectrum, the unavailability of coking coal and high-grade thermal coal within 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.


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×