NEW DELHI, APRIL 16: Indian companies, particularly internet start-ups and dot.coms will now find it hard to raise funds from the battered US capital markets, according to noted Harvard Economist Jeffrey Sachs.The boom was exaggerated and stock prices of the internet firms on the New York Stock Exchange (NYSE) and Nasdaq were highly inflated, he said, adding further correction in the stock index was expected."However, this does not refute the new economy. We have a lot more to gain from the efficiency and speed of internet and convergence," he said.Prices of the stocks besides the sentiments have to be related to future earnings and profits, Sachs said.
