Telecoms industry FDI equity inflow fell down by 99.8% YoY in H1FY21: Report

NEW DELHI: The ailing Indian telecommunications industry’s Foreign Direct Investment (FDI) equity inflow in H1FY21 plunged sharply by 99.8% to Rs 50 crore ($7 million) during April-September 2020 quarter from Rs 14,899 crore ($2,178 million) a year ago in the same quarter, a report by credit rating agency CARE Ratings said.

The FDI equity inflow averaged at Rs.25,552 crore ($3,832 million) during the past 4 years from H1FY17 to H1FY20, it said.