Are they even shutting down their industries for containing covid-19? It looks like India will not implement full measures for containing covid-19. Their vaccination rate is still low, and testing is not nearly enough. How do they contain the situation? But the Indian stock market is not even falling. There is a lot of illogical events going on there.
I find this article rather suspicious. It seems highly unlikely India's consumption of coal increased in a pandemic year. This whole Australia successfully diverted coal from China to India article seems very... fabricated. The article didn't include enough statistics to back up their claims so I couldn't verify.
India's industrial production decreased significantly during this pandemic, after all.