Telecom Sector in India – Challenges & Way Forward
Reading Time: 5 mins In the current century, India’s growth has been fuelled by one sector above all – telecommunications. The connectivity revolution has powered India’s IT giants and helped hundreds of millions of Indians to get onto the grid, giving them a chance to improve their prospects. All of the government’s flagship initiatives’ success depends on this sector and its growth and penetration play a vital role in the government’s strategy to improve the economy. However, currently, telecom business is pushed into crushing debt and possible bankruptcy due to the Supreme Court’s judgement on the definition of AGR. The Department of Telecommunications (DoT) is going issue notices to telecom companies after January 24, the deadline for payment of AGR dues set by the apex court. This is despite the SC agreeing to list the modification petition filed by Bharati Airtel, Vodafone Idea and Tata Group.
