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.
India's foreign exchange reserves declined by $1.506 billion to $366.139 billion in the week to October 14, due to fall in foreign currency assets, the Reserve Bank said.
For economic activity taking place in India, the seat of arbitration must be within the country as otherwise the cost on contracting parties would become unaffordable, the finance minister said.
Railway Board officials briefed a Parliamentary panel on the implications of the government's decision to merge the railway budget with the general budget.
Prime Minister Narendra Modi urged Indians in a radio address in May to use cashless payments to discourage corruption and keep track of money.
But the risks are to the downside, ECB President Mario Draghi said, meaning performance is more likely to be worse than better.
The ECB has provided unprecedented stimulus for years with sub-zero rates, free loans to banks and over a trillion euros in bond purchases, all in the hope of reviving growth and lifting inflation back to its target of just below two per cent after more than three years of misses.
India's gold imports in the first nine months of 2016 are estimated to have slumped 59 percent from a year ago to 268.9 tonnes, according to consultancy GFMS.
Industrial production in the country is expected to remain subdued and this can act as a restrain to the overall growth momentum in the current fiscal, says a Dun & Bradstreet report.
As the cess would vary, experts said, it would be difficult to quantify how much would be the incidence of price increase in these items.