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India to outstrip US as 2nd-largest coal producer in 2020, says BMI

BMIResearch shows that India is set to outstrip the U.S. as the world's second-largest coalproducer after China, citing the country's global production share increasing to 12.7% by 2020 from 9.8%in 2016, Bloomberg News reported Oct. 7.

Whilethe U.S. is transitioning to cleaner energy sources such as to meet stringent emissionsstandards, India plans to boost its coal output to 1.5 billion tonnes by 2020from roughly 634 million tonnes in the year ended March 31, said the report.

Lastfiscal year, China'scoal production reached nearly 3.7 billion tonnes, according to the report,citing the country'sNational Bureau of Statistics.

DespiteIndia's efforts to production, BMI notedthat domestic demand will continue to exceed output through 2020. However, thecountry's coal deficit is projected to contract to 163 million tons by 2020from 191 million tons in 2016, Bloomberg wrote.