FDI Equity Inflow in Telecom Sector Touched $6.08 Billion in First Half of Fiscal: Ministry of Communications

The Ministry of Communications or the Telecom Ministry on Thursday said that the Foreign Direct Investment (FDI) equity inflow in the telecom sector touched $ 6.08 billion in the first half of the financial year (April to September 2017), which was more than four times that the sector witnessed during the financial year 2015-16 and around 10% more than that during 2016-17.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

In a statement, the ministry said, “The growth of Telecom Sector in our country has been remarkable over the last few years as a result of key reforms and initiatives undertaken by the Department of Telecommunications. The industry has also wholeheartedly participated in the development efforts.”

Indian Telecom FDI Equity

From 898.02 million in 2012-13, total telecom connections in the country reached 1194.99 million in 2016-17, registering a growth of 33.07%. As on end of September 2017, the total subscription stood at 1207.04 million out of which 501.99 million connections were in the rural areas and 705.05 million in the urban areas.

The department said that wireless telephony now constitutes 98.04% of all subscriptions whereas the share of landline telephones now stands at 1.96% at the end of September 2017.The overall teledensity in India is now at a high of 93.42% with teledensity in rural areas being 56.78% and that in urban areas at 172.86%.

The number of Internet subscribers (both broadband and narrowband put together) which was 422.18 million at the end of March 2017 increased to 431.21 million by the end of June’17. The number of subscribers accessing the internet via wireless phones etc. was 409.55 million at the end of June’17.