The Indian economy is beginning to boom, particularly in its cities, & rising middle class (who have far superior access to power supplies, which are mainly provided by coal- unlike many poorer, rural areas).
This is very propitious for Australia, as its already large coal & gas exports to India can be expected to rise. More demand is likely to cause higher prices for our quality, low CO2 Newcastle 6000kcal coal.
Reuters 21.12.22 said"India is set to be the world's fastest growing major economy in the year ahead, as a post-pandemic retail boom and recent bank balance-sheet repairs lure new investment, fueling hot demand for everything from cars to televisions, COAL (my emphasis) and airliners.
The world's fifth-largest economy is expected grow 6% in the fiscal year ending March 31, 2024, according to a survey by the Indian central bank this month...
India's re-opening is one reason power and coal demand is strong, pushing the government to step up GAS (my emphasis) imports, while more companies are seeking bank credit as they add capacity".
https://www.reuters.com/markets/asia/indias-post-covid-spending-boom-drives-two-speed-economy-2022-12-21/
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