India is reportedly looking to cut coal imports for power plants at least 30% this year, sources say

India is reportedly looking to cut coal imports for power plants at least 30% this year, sources say.

India's plan to reduce coal imports by at least 30% this year signals a significant shift in its energy strategy that could affect global coal markets. This move may indicate a push towards more sustainable energy sources, impacting prices and supply dynamics in the coal sector. Furthermore, reduced demand from India could have knock-on effects for other economies reliant on coal exports, thereby influencing broader commodities and energy markets.