Which regulatory body in India launch Industrial Outlook

Solution

• Reserve Bank of India has launched the next round of the quarterly Industrial Outlook Survey (IOS) to assesses business sentiment for the current quarter and expectations for the ensuing three-month period.
• The survey assesses business sentiment and expectations based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment and the price situation.
• An additional block has been included in the survey round for assessing the outlook on key parameters for the third and fourth quarters of the 2022-23 financial year.
• RBI has also launched the 33rd round of the quarterly Services and Infrastructure Outlook Survey (SIOS).
• The survey assesses the business situation for the current quarter from selected companies in the services and infrastructure sectors and their expectations for the ensuing quarter.