nvm-windows: Node or NPM not recognized after nvm installed

To manage multiple Node.js versions on windows, you are going to use and install node-windows. After installation, you run following commands to setup specific node version:

d:\>nvm install 4.7.2
d:\>nvm use 4.7.2
d:\>node --version 

and if you get following message
‘node’ is not recognized as an internal or external command, operable program or batch file.
then read this post to troubleshoot the issue.