Telecom foreign direct investment (FDI): down again

As expected, the country’s digital connectivity sector had an abysmal time last fiscal vis-à-vis foreign investment. As per the latest central bank data, the telecommunications industry’s foreign direct investment (FDI) tally had dropped significantly to a net outflow of $29 million in FY22, as opposed to $43 million in net inflows in the year-ago period. […]