The government yesterday said the telecom sector in 2013-14 generated over Rs 2.19 lakh crore revenue, which accounted for 1.93 percent of the country’s gross domestic product (GDP). Also Read - Government to offer free movies to new internet users in remote areas: Report
Telecom Minister Ravi Shankar Prasad in a written reply to the Lok Sabha said that for 2013-14, revenue generated by telecom sector stood at Rs 2,19,357 crore and the GDP stood at Rs 1,13,45,056 crore. Telecom revenue was 1.93 percent of the GDP. The Minister said for 2012-13, telecom revenue was Rs 2,07,498 crore whereas the GDP was Rs 99,88,540 crore and telecom revenue contributed 2.07 percent to the GDP. The figures for 2011-12 stood at Rs 1,85,930 crore as telecom revenue and Rs 88,32,012 crore as GDP. Telecom revenue contributed 2.10 percent to the GDP. “The government has formulated a comprehensive action plan which aims to address the issues in the telecom sector. Also Read - Assembled in India: IT Minister Ravi Shankar Prasad shows locally made Apple iPhone XR
These issues are broadly classified as related to policy strategies, broadband strategy, telecom infrastructure development, licensing and regulatory issues, management of spectrum and strategy for revival of public sector undertakings,” Prasad said.
In reply to a separate query, Prasad said after the liberalisation of telecom sector, the investment decisions are taken by the entrepreneurs depending on market demand and supply. Also Read - Indian government considering monitoring internet through a centralized system
“The government has created a favourable policy framework for attracting investment by permitting 100 per cent FDI through FIPB route in telecom services and 100 per cent in manufacturing of telecom products through automatic route,” the Minister said.