FDI in telecom sector down 43 per cent to USD 2.6 billion in 2018-19, says Ravi Shankar Prasad

Foreign direct investment in the Indian telecom sector dropped by around 43 per cent to USD 2.6 billion in fiscal year 2018-19, Telecom Minister Ravi Shankar Prasad said Wednesday.

“The FDI equity inflow in the Financial Year 2017-18 was USD 6,211.84 million whereas the FDI equity inflow in the Financial Year 2018-19 was USD 2,667.91 million,” Prasad said in a written reply in the Lok Sabha.

He added that the quantum and nature of FDI inflows depend on many factors and accordingly no specific reasons can be attributed for increase or decrease of inflows on year-to-year basis.