According to the Economic Survey of India 2009-10, the flow of external commercial borrowings to the telecom sector decreased from $3.02 billion in 2007-08 to $1.67 billion in 2008-09, and stood at $558.5 million in the first half of 2009-10.

According to the Economic Survey of India 2009-10, the flow of external commercial borrowings to the telecom sector decreased from $3.02 billion in 2007-08 to $1.67 billion in 2008-09, and stood at $558.5 million in the first half of 2009-10. The capital raised through public and rights issues within the sector also declined from Rs 10 billion in 2007-08 to Rs 1 billion in 2008-09. Foreign direct investment (FDI) in the sector, however, increased from $2.05 billion between April 2008 and November 2008 to $2.22 billion during the corresponding period in 2009.