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"In India for example, GDP per capita, which is crude but common measure of prosperity, has grown in spectacular fashion since 2000, thanks to global market," he said.
Prices have again touched its lower band of the channel pattern and witnessed a solid recovery. On a previous couple of occasions, prices have shown the same tendency of reversal from its lower point of the pattern.
So far India has been president of the body nine times -- June 1950, September 1967, December 1972, October 1977, February 1985, October 1991, December 1992, August 2011, and November 2012.
While the ambiguous provisions in India's e-commerce regulations have been discussed at length, the policy document is just a start and will see many upgrades.
