Jobs to foreign investment: What happens if Voda Idea shuts shop

The closure would mean severe job losses - in a market where job creation is becoming an issue

The closedown of operations of Vodafone Idea, which is now a possibility, leading to a duopoly among private operators, could have consequences not only for consumers and employment generation but also for the exchequer. It will have an adverse impact on foreign companies looking at investing in the country, say analysts.

To get a perspective, the two shareholders of Vodafone India — Vodafone plc and the Aditya Birla group — together with public shareholders, have collectively invested more than Rs 1.9 trillion, of which Rs 1.65 trillion has been through foreign direct investment. If borrowings from banks and deferred spectrum