RBI launches the 115th round of Industrial Outlook Survey for the manufacturing sector

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115th round of the Industrial Outlook Survey

Highlights

RBI has launched the 115th round of the Industrial Outlook Survey for the manufacturing sector, focusing on sentiment and expectations from Q2:2026-27 to Q1:2027-28.
Genesis Management & Market Research Pvt. Ltd. has been authorized for the July-September 2026 period, with companies able to participate via the website or direct contact.
The survey results provide early signals on demand, finance, employment, and prices, influencing business sentiment and policy-making in the Indian manufacturing sector.

This article was translated from the original. Read the original version by our correspondent here.

Scope of the Survey and Participation Process

As stated in the Reserve Bank of India press release, this survey assesses industry sentiment based on qualitative indicators related to demand conditions, financial situation, employment status, and prices. It includes the current business conditions for Q2:2026-27, expectations for Q3:2026-27, and outlook on key parameters for Q4:2026-27 and Q1:2027-28.

For the July to September 2026 period, RBI has authorized M/s Genesis Management & Market Research Pvt. Ltd. to conduct this survey. The agency contacts selected companies directly, while other manufacturing companies are encouraged to participate by downloading the questionnaire from the 'Survey' subsection of the Bank's website.

The completed and certified questionnaire can be sent by email as per the contact details provided. The Bank has clarified that survey findings are regularly published in summary form on its website and respondents' identities are not disclosed.

Impact on Manufacturing Sector and Policy Signals

This survey is a regular indicator of business sentiment in the Indian manufacturing sector, providing early signals on trends in demand, finance, employment, and prices. Such qualitative assessments help the central bank understand industry dynamics and near-term expectations.

Broad participation in the survey can include perspectives from companies of various sizes and sub-sectors, making the findings more representative. For queries or clarifications, RBI has also shared contact details for the Enterprise Surveys Division, Department of Statistics and Information Management, Bandra-Kurla Complex, Mumbai.

Our previous report discussed the rapid expansion of the middle class in India and the trends supporting its consumption-driven growth. The article highlighted how factors like financial inclusion, digital payments, and tax relief have increased spending capacity and expanded demand to smaller cities, shaping the broader consumption landscape of the economy.

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