India - Business Confidence





India: Business Confidence

Mnemonic CIB.IIND
Unit %, NSA
Adjustments Not Seasonally Adjusted
Quarterly
Data 2023 Q4 28.59
2023 Q3 34.26

Series Information

Source Reserve Bank of India
Release Industrial Outlook Survey (IOS)
Frequency Quarterly
Start Date 6/30/2000
End Date 12/31/2023

India: Business

Reference Last Previous Units Frequency
Industrial Production Feb 2024 147.2 153.5 Index FY 2012=100, NSA Monthly
Business Confidence 2023 Q4 28.59 34.26 %, NSA Quarterly
Capacity Utilization 2023 Q4 19.57 29.51 %, NSA Quarterly
Change in Inventories 2023 Q4 70,455 73,917 10 Mil. INR, NSA Quarterly
Real Change in Inventories 2023 Q4 46,352 48,734 10 Mil. FY 2012 INR, NSA Quarterly

Release Information

The "Industrial Outlook Survey" conducted by the Reserve Bank of India is a quarterly survey seeking information on the sentiments of the manufacturing industry. The higher the "net response," the stronger is the indication of confidence.

  • Measurement: Net response percent (%)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: As early as 2000Q2

The published figures are "net responses" which are measured as the percentage share differential between the companies reporting "optimistic" (positive) and "pessimistic" (negative) responses. Responses of "no change" are discarded.

For each question, there are separate responses for "assessment" (current) and "expectation" (future).

India's fiscal year runs from April 1, YYYY to March 31, YYYY+1. For example, fiscal year 2020-2021 runs from April 1, 2020 to March 31, 2021. 

  • Feb 2010 - Initial version.