RBI launches 116th round of Industrial Outlook Survey for the manufacturing sector

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RBI 116th Industrial Survey

Highlights

RBI has launched the 116th round of the Industrial Outlook Survey for the manufacturing sector, gathering feedback on demand, financial and price indicators.
M/s Genesis Management & Market Research Pvt. Ltd. has been authorised to conduct the survey for the October–December 2026 period.
Qualitative signals from the quarterly survey will help the RBI assess near-term industrial trends and business sentiment.

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

Survey scope and participation process

According to a press release by the Reserve Bank of India (Reserve Bank of India), the survey measures industry sentiment based on qualitative indicators related to demand conditions, financial conditions, employment conditions and price conditions. Its purpose is to assess manufacturing companies’ expectations for upcoming quarters alongside business sentiment in the current quarter.

The bank said that survey findings are regularly released in summary form on its website, and respondents’ identities are not made public. M/s Genesis Management & Market Research Pvt. Ltd. has been authorised by the RBI to conduct the survey for the October–December 2026 period.

The agency will contact selected companies directly, while other manufacturing companies have also been encouraged to participate by downloading the questionnaire available under the 'Survey' subheading on the bank’s website. Duly certified and completed questionnaires may be sent by email using the contact details provided therein.

Policy focus on manufacturing indicators

The initiative has been launched at a time when timely signals on manufacturing activity, cost trends, employment and the direction of demand remain important for policymakers and market participants. Qualitative feedback from the quarterly survey provides the RBI with a supplementary assessment of sectoral business sentiment and near-term industrial trends.

The press release also shared contact details for the Enterprise Surveys Division of the RBI’s Department of Statistics and Information Management, located at Bandra-Kurla Complex, Mumbai, for questions or clarification. The release is signed by Ajit Prasad, Deputy General Manager, Department of Communication.

Our previous report discussed the impact of growing private investment and government incentives for deep-tech and IP-based manufacturing companies in India (such as R&D funds and schemes like PLI). It noted that companies in sectors such as space, semiconductors, defence and advanced machinery are expanding capacity through long-term capital support and infrastructure/production expansion, while investors view this as linked to strategic self-reliance and future growth.

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