BJP, Congress not pledging any significant policy reforms for telecom: Fitch

NEW DELHI: Leading political parties Bharatiya Janata Party (BJP) and Indian National Congress have not pledged any significant policy reform for debt-ridden telecom sector, Fitch Solutions Macro Research said Tuesday.

However, their popular poll promises may help the sector by pushing up consumer spending on communications services, it said.

“Neither the Bharatiya Janata Party (BJP) nor Indian National Congress (INC) are pledging significant policy reform in the telecom sector, which will continue to suffer from depressed earnings and elevated debt levels in the near term.