Explanation:

Statement I: The Indian Telecom industry is not doing well and the telecom operators are not responsible for this condition.
This statement is saying that the telecom operators have nothing to do with the deplorable condition of the telecom sector though the competition between them is actually harmful for the sector, according to the sentence. Hence, this statement is eliminated.
Statement II: The telecom sector of the country requires funding from the banking sector since it does not have enough funds.
In the given statement, there is no reference to the requirement of funds in the telecom sector from the banks. So, this is also not the right choice.
Statement III: The telecom companies are not getting enough number of customers to sustain in the long run with the existing rate of tariff.
The condition of the telecom sector in India is not good since there is unhealthy competition between the companies and it has nothing to do with the number of customers. So, it is also not the correct choice.
Statement IV: It is evident that the telecom companies are making huge losses because they are not able to keep their margins.
The original statement is about unhealthy competition making losses for the telecom companies in India. This statement also talks about the inability of the companies to keep proper margins in the business. So, this is the correct choice.
Statement V: The telecom industry is reeling under the high price for the infrastructure to be set up for providing services to the public.
There is no reference to the requirement of huge infrastructure in the sector and that contributing to the huge losses to the companies in telecom domain. So, this statement is also not the correct choice.
This makes option D the right choice among the given options.