RBI starts survey of manufacturing companies tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
RBI conducts quarterly OBICUS survey since 2008, gathering production details, order data, and inventory levels confidentially. This data aids in monetary policy formulation. The next policy meeting is set for June 2024. The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, and pending orders at the end of the quarter.
The private sector s new project announcements in the quarter ending March were among the highest on record.
The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE).
This is the second-highest on record in data going back to 2009.
Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
Can capital goods sector sustain rally in 2024 ? - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.