FDI In Telecom Has Risen To Over $10 Billion In Eight Months Of 2016-17

The Indian telecom sector has received foreign direct investment (FDI) of $10 billion in the first eight months of the current fiscal, Telecom Secretary J S Deepak said while addressing the twelfth National Summit e-Governance and Digital India organised by Assocham on Wednesday (30 November).

"The telecom sector reforms have got a resounding acknowledgement. The FDI which was $1.3 billion in 2014-15, $2.9 billion in 2015-16 has jumped up to more than $10 billion in the first eight months of 2016-17," Deepak said.

Deepak also said 97 per cent of the population in India is on 2G and 68 per cent on 3G telephony.

With inputs from IANS