Current Affairs - Economy - Discussion

In FY 2024-25, India achieved a 7.9% reduction in coal imports, bringing the total volume down to 243.62 million tonnes from 264.53 million tonnes in the previous year. This significant decline contributed to foreign exchange savings of approximately $7.93 billion, underlining the country’s efforts toward energy self-reliance. The drop is a result of strategic government measures, including the expansion of domestic coal production through commercial mining and focused programs like Mission Coking Coal. This shift not only reduced dependency on foreign coal but also supported the broader goal of a self-reliant and energy-secure India under the "Viksit Bharat" initiative.