Its importance to the outlook for crude oil over the next decade becomes even more apparent in the light of slowing demand growth in China, the likelihood of at best steady consumption in much of ...
Even if all the necessary infrastructure is approved, it will take several years for 1 billion tonne coal output to be built and ramped up to full capacity.
India's coal imports have steadily risen and gained 19 per cent last year to 210.6 million tonnes, making the country the world's second-biggest importer after China.
Crude is country's largest import item by value, followed by gold. Together they accounted for 42 per cent of all imports in October.
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