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Coal Market in India Status and Reforms Required

A couple of years back, there were rising concerns over environmental impact and the likely availability of alternative fuels in the country. But, the fact remains that coal is still the most important fuel in India due to its affordability, reliability, abundance and safety point of view. Despite being the most important & reliable fuel it is most neglected fuel from the perspective of policy framework; it is still government dominated and not competitive in comparison to other countries. It requires a major boost up in terms of private participation and foreign Investment. The paper discusses the current status of Indian Coal Market & its shortcomings and various reforms required to make it internationally competitive.