RBI Launches Quarterly Manufacturing Survey for Q2 2024

• The Reserve Bank of India (RBI) has introduced its quarterly “Order Books, Inventories and Capacity Utilisation Survey” (OBICUS) for the manufacturing sector, aimed at informing monetary policy decisions. Since 2008, this survey has provided crucial insights into key metrics such as new orders, inventory levels, and capacity utilisation across manufacturing companies.
• With OBICUS ongoing since 2008, the RBI reaffirms its commitment to comprehensively understanding and responding to the dynamics of India’s manufacturing landscape. This initiative underscores the central bank’s proactive approach to economic policymaking.

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