The Reserve Bank of India has started a business outlook survey for trading sector, which is expected to assess the business expectation of the largest section of the services sector.
The survey is being conducted on a quarterly basis and covers the four metro cities of Mumbai, Chennai, Delhi and Kolkata. The second round of the survey is being launched for October-December 2010. New delhi-based Datamation Consultants Pvt Ltd has been selected as the agency for conducting the survey for this quarter. The participating trading units will be approached by the agency in the next three to four weeks. As the response to the survey will provide useful forward looking inputs for monetary policy, RBI has asked feedback from the senior management/financial personnel of the participating trading unit.
Earlier RBI had set up a working group on surveys under the chairmanship of executive director Deepak Mohanty, which recommended the introduction of a series of surveys to provide quick and forward looking inputs for monetary policy.
The survey seeks to collect the assessment on current business situations and perceptions for the ensuing quarter from wholesale/retail trading units in India, through a set of structured questions covering different business parameters.