Finance Minister Arun Jaitley said that India's external position is more robust now. He said the country has lower trade and Current Account Deficits, stable exchange regime and the sound buffer of forex reserves which make its position comfortable. <br/><br/>Speaking at Pre- Budget Consultative Meeting in New Delhi with stakeholders from IT sector, Mr. Jaitley said India's competence in IT-Software is recognised globally and in recent times, software development has emerged as one of the most dynamic sectors. <br/><br/>The Minister said that the electronic market in India is one of the largest in the world and is expected to reach 400 billion dollar in 2020.<br/><br/>During the meeting, the issues about speed and penetration of broadband were also mentioned and it was suggested that fiber cable network need to be improved for better Internet connectivity.

Finance Minister Arun Jaitley said that India's external position is more robust now. He said the country has lower trade and Current Account Deficits, stable exchange regime and the sound buffer of forex reserves which make its position comfortable. <br/><br/>Speaking at Pre- Budget Consultative Meeting in New Delhi with stakeholders from IT sector, Mr. Jaitley said India's competence in IT-Software is recognised globally and in recent times, software development has emerged as one of the most dynamic sectors. <br/><br/>The Minister said that the electronic market in India is one of the largest in the world and is expected to reach 400 billion dollar in 2020.<br/><br/>During the meeting, the issues about speed and penetration of broadband were also mentioned and it was suggested that fiber cable network need to be improved for better Internet connectivity.