Reserve Bank of India releases results of forward-looking surveys for September 2026

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RBI survey results 2026

Highlights

The RBI released the results of the Urban and Rural Consumer Confidence, Inflation Expectations and Professional Forecasters surveys for September 2026.
Results of the Order Books, Inventories and Capacity Utilisation Survey for the first quarter of 2026-27, as well as the Industrial Outlook, Bank Lending and Services surveys for the second quarter, were published.
These surveys signal potential changes in consumer sentiment, inflation trends, credit demand and the business environment.

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

Scope and timeline of the released surveys

According to the RBI press release, the results include the Urban Consumer Confidence Survey, the Inflation Expectations Survey of Households and the Rural Consumer Confidence Survey, all for September 2026. The results of the 102nd round of the Survey of Professional Forecasters on Macroeconomic Indicators have also been released.

The central bank has also published the results of the Order Books, Inventories and Capacity Utilisation Survey for the manufacturing sector for the first quarter of 2026-27. In addition, the results of the Industrial Outlook Survey of the Manufacturing Sector, the Bank Lending Survey, and the Services and Infrastructure Outlook Survey for the second quarter of 2026-27 have also been released.

Significance for market signals

These surveys indicate the expectations of households, professional forecasters and participants across various sectors, helping assess the likely direction of inflation trends, consumer sentiment, credit demand and business activity. The RBI has clarified that these findings are based on feedback received from respondents and do not necessarily reflect the bank’s own views.

The release also stated that the results of the previous round of the Survey of Professional Forecasters were published on the bank’s website on 5 August 2026. The press release is attributed to Ajit Prasad, Deputy General Manager, Communications.

Our earlier report focused on the RBI's Monetary Policy Committee (MPC) October policy decision, discussing the possibility of a repo rate hike amid rising retail inflation, Brent crude above $100 per barrel and pressure on the rupee. The article also noted that markets would remain alert not only to the rate decision but also to signals on the future policy direction and further tightening, as these could affect borrowing costs, credit demand and economic activity.

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