Is an exuberant stock market hurting the Indian economy?

India has been a jewel in the crown of the global initial public offering (IPO) markets last year. And that is probably beginning to hurt some macroeconomic numbers. India's astronomical equity valuations - despite the recent slide - is tempting not just portfolio investors to capitalise but even those who wanted to stay here forever, worrying policy makers.

Washing machine maker Whirlpool shows what is working for those who bring in Foreign.