In an interview to NDTV from Davos in Switzerland, Mr Pilot says the online firms are over-reacting. They have to be more responsible and abide by Indian laws and can't simply wash their hands off.

Top economists and business leaders attending the WEF have also expressed optimism over the growth potential of India and China, amid gloomy global economic conditions.

Israeli Defense Minister Ehud Barak said today the world must quickly stop Iran from reaching the point where even a "surgical" military strike could not block it from obtaining nuclear weapons.