[PaulHoule]

I think one big problem in India is the lack of big exits.

For instance, Nest was a "billion dollar company" because it got acquired by Google at a high price for a small company. Perhaps that reflects its value but it also reflects the dynamics of the U.S. stock market.

In India you might get bought by Wipro but they are the kind of people (for better and for worse) who have their feet on the ground when it comes to valuing things.

[sooperman]

Yes Paul, you are right. Lack of exits definitely hurts.