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RBI launches 115th Quarterly Industrial Outlook Survey (Q2 2026‑27)

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📄 Source: Reserve Bank of India · Press Release prid 63100
Quick answerThe Reserve Bank has opened its 115th Industrial Outlook Survey for the manufacturing sector, covering July‑September 2026. It captures current sentiment on demand, finance, employment and prices, plus expectations through Q1 2027‑28. Genesis Management & Market Research runs the fieldwork, and anonymised results will be posted on the RBI website.

What changed

A new round of the quarterly Industrial Outlook Survey has been initiated for the July‑September 2026 period. The questionnaire now asks firms about conditions this quarter and expectations for the next three quarters. Genesis Management & Market Research Pvt Ltd has been appointed to collect the data, while other manufacturers can self‑submit via the RBI portal.

What it means for you

Banks and other lenders will receive fresh, anonymised insight into manufacturing sentiment, helping refine credit risk assessments and sector forecasts. The extended outlook to Q1 2027‑28 offers a longer view of demand and price trends, which can inform loan pricing and portfolio monitoring. Participation by more firms will improve the survey’s representativeness.

What you must do

Who it affects

Manufacturing companies, Bank credit teams, Risk and analytics units, Survey agency (Genesis Management)

When will the IOS results be published?

The RBI will post a summary of the findings on its website after the data collection period; individual respondents remain anonymous.

How can a manufacturing firm take part in the survey?

Firms can download the questionnaire from the RBI’s ‘Survey’ section, complete it, and email it to the address listed in the press release.

Who is responsible for conducting the survey?

Genesis Management & Market Research Pvt Ltd has been authorised by the RBI to carry out the fieldwork for this round.

Test yourself

Quick self-check built only from the facts already on this page — tap a question to reveal the answer.

Q1. In one line, what does this circular do?

The Reserve Bank has opened its 115th Industrial Outlook Survey for the manufacturing sector, covering July‑September 2026. It captures current sentiment on demand, finance, employment and prices, plus expectations through Q1 2027‑28. Genesis Management & Market Research runs the fieldwork, and anonymised results will be posted on the RBI website.

Q2. Who does this circular apply to?

Manufacturing companies, Bank credit teams, Risk and analytics units, Survey agency (Genesis Management)

Q3. What is the first thing you should do about it?

Regularly check the RBI website for the IOS summary release.

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Who does what — compliance checklist
💰 Credit
  • Factor the IOS sentiment indicators into credit appraisal and risk‑rating models for manufacturing borrowers.
📜 Compliance
  • Regularly check the RBI website for the IOS summary release.
  • Encourage your manufacturing clients to download and submit the questionnaire if they have not been approached by the survey agency.
  • Update sectoral stress‑testing assumptions using the IOS outlook for Q3‑Q4 2026‑27 and Q1 2027‑28.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (Manufacturing companies, Bank credit teams, Risk and analytics units, Survey agency (Genesis Management)), your first concrete step on “RBI launches 115th Quarterly Industrial Outlook Survey (Q2 2026‑27)” is: “Regularly check the RBI website for the IOS summary release.”.

  1. Circular: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63100 -- RBI launches 115th Quarterly Industrial Outlook Survey (Q2 2026‑27)
  2. Issued: 07 Jul 2026, 17:02 IST
  3. Action required: Regularly check the RBI website for the IOS summary release.
  4. Action required: Factor the IOS sentiment indicators into credit appraisal and risk‑rating models for manufacturing borrowers.
  5. Action required: Encourage your manufacturing clients to download and submit the questionnaire if they have not been approached by the survey agency.
  6. Action required: Update sectoral stress‑testing assumptions using the IOS outlook for Q3‑Q4 2026‑27 and Q1 2027‑28.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
AI-drafted · 1-model AI consensus fact-check · under the editorial review of our expert review panel · decoded & published by BankPulse · 07 Jul 2026, 17:02 IST
Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63100 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert review panel. Independent platform, not affiliated with the Reserve Bank of India; never reproduces RBI text verbatim.
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