RBI launches OBICUS
On April 16, 2020, the Reserve Bank of India launched OBICUS. This is the 49th round of survey by the apex bank for the period January to March.
Highlights
The Capacity Utilisation declined to 68.6% from 69.1%.
What is OBICUS survey?
OBICUS is Order Books, Inventories and Capacity Utilization Survey (OBICUS). The survey provides an insight into the demands of the Indian manufacturing sector. The survey is conducted quarterly (4 times a year). It is being conducted since 2008.
Features of the Survey
The survey covers 2,500 companies both in public and private sector. The survey also provides ratio of total inventories to sales. Also, the survey provides ratio of raw materials to finished goods. It helps to measure economic activity in the country.
Data Collected in the Survey
The data collected in the survey includes quantitative data, pending orders, work in progress, backlog of orders and finished goods. The data is provided item-wise.
Related Posts
Month: Current Affairs - April, 2020