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FDI Inflows Into India’s Telecom Sector Plummets To $2.66 Billion

FDI Inflows Into India’s Telecom Sector Plummets To $2.66 Billion

Foreign direct investments in the telecom sector of the country have taken a downward hit, plunging to 2.66 billion dollars in FY 2019 as compared to the much higher figure of over 6.21 billion dollars in the year 2018. The Government said that the reason for this sharp fall could not be attributed to either regulatory uncertainty or financial stress in the industry. “Stressed financial conditions cannot be held responsible for the year-on-year decline in FDI, and neither has there…

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