GS 3: Economy | Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

Why in News?

  • RBI starts Industrial Outlook Survey (IOS) and Services and Infrastructure Outlook Survey (SIOS).
  • The Reserve Bank of India (RBI) has initiated two quarterly surveys namely, “Industrial Outlook Survey (IOS)” and “Services and Infrastructure Outlook Survey (SIOS)”. The two quarterly surveys aim to examine the current situation including the job scenario in India’s manufacturing, services and infrastructure sectors.

Industrial Outlook Survey (IOS):

  • The Industrial Outlook Survey (IOS) is based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation.
  • The IOS would provide useful insight into the performance of the manufacturing sector.
  • The IOS would be undertaken by Hansa Research Group Pvt Ltd.

Services and Infrastructure Outlook Survey (SIOS):

  • The Services and Infrastructure Outlook Survey (SIOS) seeks an assessment of the business situation for the current quarter (January-March 2019) from selected companies in the services and infrastructure sectors in India, and their outlook for the ensuing quarter (April-June 2019).
  • The SIOS would be undertaken by Spectrum Planning India Ltd.
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