RBI launches second quarterly business outlook survey

The Reserve Bank of India (RBI) has launched the second round of its quarterly survey on `business outlook' in the country. The current survey covers the outlook for the trading sector, currently the largest segment of the service sector.

The survey will collect data from wholesale and retail trading units across the country on their assessment of current business situations and perceptions for the ensuing quarter. Data is being collected through a set of structured questions covering different business parameters.

The current survey, which covers the metro cities of Mumbai, Chennai, Delhi and Kolkata, is being carried out New Delhi-based Datamation Consultants Private Limited, the agency selected by RBI for the survey.

The agency will approach participating trading units in the next 3-4 weeks, an RBI release said today.

RBI has sought the support and appropriate response from senior management/financial personnel of the participating trading unit as the response to the survey would provide useful forward looking inputs for its monetary policy.

In case of any clarification, the participating trading unit may contact the Central/Regional office of the Bank as under:

A working group set up by the RBI under the chairmanship of its executive director Deepak Mohanty had recommended the introduction of a series of surveys to provide quick and forward looking inputs for monetary policy, including one for the trading sector.