An overlooked FII trade is exploding with Rs 43,000 crore flows. Will 2026 belong to Jio, Airtel?

Foreign investors are heavily investing in India’s telecom sector, pouring ₹43,000 crore into it. This surge is driven by expected tariff hikes, rising average revenue per user (ARPU), and the upcoming Jio IPO. Analysts are optimistic about a multi-year monetization cycle, with major brokerages upgrading their outlook and projecting strong earnings growth for companies like Airtel and Jio.