India’s $122bn infrastructure budget to boost country’s burgeoning coal imports

India has earmarked a 33% capital expenditure increase of about $122bn on infrastructure projects that will be spent on everything from railways to airports.

As TradeWinds reported shortly after the Indian government’s latest budget was released in early February, the country’s steel industry will be kept busy supplying the steel required for these projects, and for that, the country will need to import a lot more coal.