Inflation will remain on a moderating path, with near-term readings likely undershooting the RBI's trajectory, according to global financial services major Morgan Stanley.
Prime Minister Narendra Modi decided to form 10 Groups of Secretaries which will work on various sectors like agriculture, energy and transport and submit their reports by the end of next month.
Finance Minister Arun Jaitley said the names of PSUs that are up for strategic stake sale would be made public once they are going to be put up for the auction.
They observed however that the position may improve significantly with the proposed rollout of the GST from next April as well as the Insolvency and Bankruptcy Code, likely to be implemented by coming December.
Though India improved on some things like faster access to electricity, resolving contractual obligations or starting a business, there were still many challenges. Registering a property, getting credit and negotiating the maze of taxes are still a big put off for potential and existing investors.
The Union Cabinet is likely to take a decision on Finance Ministry's proposal of advancing the date for Budget presentation to February 1.
In the World Bank's latest 'Doing Business' 2017 report, India's place remained unchanged from last year's ranking of 130 among 190 economies that were assessed on various parameters.
The Union Cabinet is likely to consider the proposal of NITI Aayog for strategic stake sale in over a dozen PSUs, including profit making ones.
Finance Minister Arun Jaitley favoured levy of cess on tobacco and luxury products to compensate states for loss of revenue on GST saying the cost of funding that through an additional tax would be "exorbitantly high and almost unbearable".
Others that ranked higher than India are Hong Kong, Malaysia, Kazakhstan, the UK, Georgia, Canada, Norway, the UAE, Slovenia and Israel.
India's place remained unchanged from last year's original ranking of 130 among the 190 economies that were assessed on various parameters.
The World Bank report said that the current Indian government was elected in 2014 on a platform of increasing job creation, mostly through encouraging investment in the manufacturing sector.
A higher ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Countries like Britain and Germany could breathe life into an academic theory intended to offer poorer, emerging economies some respite if they fall on hard times.
Dismissing criticisms, Economic Affairs Secretary Shaktikanta Das said the rate structure has been prepared based on "a very practical basis".
Mark Mobius of Templeton Emerging Markets Group has termed PM Modi's reforms as "one of the most exciting things about India".
Retail inflation in September dropped to a 13-month low of 4.31 per cent, mainly on account of easing vegetables prices, creating headroom for further rate cut by RBI in coming months.
Finance Minister Arun Jaitley asked the private sector to loosen its purse strings to make the most of the demand uptick following a good monsoon and softer rates due to controlled inflation.