RBI to assess status of manufacturing, services, infra sectors
Mumbai: The Reserve Bank of India (RBI) on Monday initiated two quarterly surveys to examine the current situation including the job scenario in India’s manufacturing, services and infrastructure sectors.
Findings of the two surveys — Industrial Outlook Survey (IOS), and Services and Infrastructure Outlook Survey (SIOS) — would be significant for the government and the opposition as the country heads for the Lok Sabha polls in May.
The IOS would be “based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation”, the central bank said in a statement.
“The survey provides useful insight into the performance of the manufacturing sector,” it said. (IANS)
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