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Abstract
Foreign Direct Investment (FDI) is an investment in a business by an investor from another country for which the foreign investor has control over the company purchase. Telecommunications in India were formerly provided by state-owned enterprises. The government companies provided all local and long-distance communications within India. Private investment, foreign and domestic was not permitted prior to the opening of the economy in the 1990s. Foreign direct investment in the telecommunications sector increased substantially between 1995 and 1997.