"After several years of declining imports, the outlook for thermal coal import demand in India is improving due to strong demand growth and the inability of domestic supply to keep pace," the report said.
"Imports for both December quarter 2017 and March quarter 2018 were significantly higher year-on-year so we expect an increase in volumes in 2018, which we believe will be sustained," it added.
"Indian production has grown strongly since 2012, increasing by an average annual growth rate of 5.1 per cent to 2017," it said.
"Beyond 2020, we have forecast an average annual growth of 5 per cent to 2030, resulting in domestic thermal coal production reaching 1,253 MT by 2030, which would represent almost a doubling of output from 2017 to 2030," the report added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)