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India reaps a bounty on the first day of spectrum auctions – but it's a lot less than what the government wanted
India reaps a bounty on the first day of spectrum auctions – but it's a lot less than what the government wanted
Rounak JainMar 2, 2021, 13:46 IST
Representative imageUnsplash
The Indian government reaped a record ₹77,000 crore on the first day of 2021 telecom spectrum auctions.
There are two positives for the government – its strike rate has drastically improved, and the value sold so far is the second highest in spectrum auctions so far.
However, the total sales are still a lot lower than what the government would have wanted.