India biggest potential thermal coal market for Australia: Report

India, the world's third largest coal consumer, is one of the most appealing market for Australia's thermal coal to meet its increasing energy requirements, according to a new report.

According to 'The Coal in India 2019'' report, prepared by the Australia's Office of the Chief Economist, Australia is not a significant supplier of thermal coal to India despite India's imports growing by 84 million tonnes in the past five years.

The report said that India was the world's third largest coal consumer behind China and the United States; and the share of coal in India's electricity mix was rising.

Indonesia was main supplier for India for thermal coal while Australian exports were going to China, Japan and South Korea, the report said,
It highlighted the India's energy giant Adani's 16.5 billion dollar Carmichael coal mine and rail project in Queensland which was the most advanced project
As the world's fastest growing major economy, India's projected growth will keep resources trade high, which makes our economic relationship extremely important."