Opinion | One Step Forward, two steps back for telecom sector
The endless litigation reflects deep trust deficit between the private and public sectors
Policy uncertainty is not good for investment, it is said. Yet, despite that caution, the Indian telecom sector has been the beneficiary of vast amounts of investments from both domestic and foreign sources. The magnitude of foreign investment in the telecom sector since the 1995 liberalization move stands at a whopping $40 billion. An alternative thought experiment will be to ask how much more the sector could have benefited from a robust and stable policy environment.