India to overtake China as worlds biggest coal importer


India are set to become the world biggest importer of coal by 2017 when they are expected to overtake China. This is in part due to Chinas effort to reduce pollution by cutting back on its coal usage, but is also helped by a planned 60% increase in India.

This is expected to make a an impact on coal markets with imports into the country expected to increase. With the worlds largest importer China cutting back on coal, the increased demand in India will not have too large of an effect on global demand.