Is Indian stock market overvalued? Experts answer

ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets

India is one of the only economies whose growth is led by domestic consumption, Wharton Economic Forum reemphasis the fact that despite the challenges India is a market that can't be ignored. In fact the US is keen to quote stronger business in trade ties with India and President Obama's visit was all about sealing business deals for US companies.

Robert Blake, Assistant Secretary, South & Central Asian Affairs US Government: Our two governments are close to completing the government to government pieces of the civil nuclear deal. The main thing that needs to be done is still for India now to ratify the convention on sub-measure compensation. And then it will really be up to the companies to negotiate contracts and they will have to make their own judgments about risk and to what extent the terrible accident in Japan has affected their calculations of the risk and that will be their decision. But I do know that the American companies still see very significant opportunities in India. While what has happened in Japan may pose something of a set back that there are significant opportunities.

Jain: Did at any time Arun Jaitley actually tell you that his party's ideology is sort of only opportunistic?

Blake: I really cannot remember the details of conversations like that took place more than seven-eight years ago.

Despite the political rankling, the Indian governments push for FDI in education is seen by the Wharton Business School as an emerging opportunity.

Thomas S Robertson, Dean, Wharton Business School: India is a fantastic opportunity. From what I can understand, when I was in India a couple of weeks ago and that was when I met the ministry of education, India is under served in terms of universities there is lot more room for development of universities and business schools. It is a wonderful opportunity. But you have to be able to go in there with the same quality and protecting brand name. It has to feel that it is Wharton.

Even though Wharton campus in India is a while coming, students and investors are clear that India's growth along with China will shape the economic agenda for the next century.

Sanjiv Gupta, Former CEO, Coca Cola: In India, there is a buzz, there is a huge momentum across categories. My only caveat is that whoever comes to India, enters India has to do it with realistic expectations.

Aditya Dada, Student, Wharton Business School: India is a land of dualism, so there are divides. India functions with those divides together and continues to grow.

Tushar Aggarwal, Student, Wharton Business School: India is gaining momentum and India certainly has a lot of opportunity from it.

Anichya Shah, Student, Wharton Business School: Indians are going back, whether they are born and raised here or they have come from India and study for a bit, they are going back. Concerns still remain on what is really happening with India. Headwinds do exist. But overall we are leaving this conference with a very bullish sentiment on the Indian economy and students are excited about all the prospects they have waiting back home.

Derek Kightinger, Student, Wharton Business School: We have quite a few students who realize that if they do not understand what is happening in India and they do not understand what is happening in the world.

Fifty speakers addressed about 450 attendees at the Wharton Economic Forum this year. While some speakers did express concerns over the widening socio-economic gap, the lack of public private sector accountability and the under developed infrastructure in the country, most panelist remain bullish about the India story and were optimistic about this growth.