RBI launches 51st SIOS survey to assess business trends in the services and infrastructure sectors

Traders Union
All News
Central Banks
RBI SIOS Survey 2026-27

Highlights

RBI has launched the 51st SIOS survey, which will focus on demand, financial conditions, employment and prices at services and infrastructure companies.
The survey will also assess companies’ business expectations for Q3:2026-27 and Q4:2026-27.
M/s Genesis Management & Market Research Pvt. Ltd. has been authorised to conduct the survey, and the findings will be regularly published on the RBI website.

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

Survey scope and participation process

According to an RBI press release, the quarterly survey assesses indicators such as demand, financial conditions, employment conditions and price levels based on qualitative responses from selected services and infrastructure companies in India. The survey aims to understand business conditions in the current quarter along with companies’ expectations for the next quarter.

The central bank said that survey findings are regularly published in summary form on its website, while respondents’ identities are not disclosed publicly. RBI has authorised M/s Genesis Management & Market Research Pvt. Ltd. to conduct the survey for the October–December 2026 quarter.

The agency will contact selected companies, but other companies in the services and infrastructure sectors are also encouraged to participate. Interested companies can download the questionnaire from the bank’s website under the 'Survey' sub-heading and email the duly certified completed questionnaire using the contact details provided there.

Potential impact on sectoral indicators

This exercise provides a leading indicator of business sentiment in the services and infrastructure sectors, helping closely monitor demand trends, cost pressures, employment trends and financial conditions. Such qualitative surveys help policymakers gather signals on sectoral activity ahead of official data releases.

By including assessments for Q3:2026-27 and Q4:2026-27 along with the outlook for the following two quarters, the survey is useful for tracking near- and medium-term business trends. For queries or clarification, RBI has also released contact details for its office at the Department of Statistics and Information Management, Division of Enterprise Surveys, Bandra-Kurla Complex, Mumbai.

Our previous report discussed warnings by RBI Governor Sanjay Malhotra about the risk of mounting pressure on banks and non-bank financial institutions from further tightening in global financial conditions, elevated leverage and stretched equity valuations. The report also noted that factors such as a potential slowdown in the AI investment cycle and cyber risks could trigger sharp asset-price repricing and greater market volatility, while the impact on India could primarily come through external shocks and capital flows.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.