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.
In another statement, the RBI said that the "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)". While the IOS will be conducted by Hansa Research Group Pvt Ltd, SIOS will be carried out by Spectrum Planning India Ltd.
The banking regulator said the two agencies would approach select companies in the manufacturing, services and infrastructure sectors for the surveys. Other companies can also participate in the surveys by visiting the RBI website.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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