India - Capacity Utilization





India: Capacity Utilization

Mnemonic CU.IIND
Unit %, NSA
Adjustments Not Seasonally Adjusted
Quarterly
Data 2026 Q1 16.89
2025 Q4 16.06

Series Information

Source Reserve Bank of India
Release Industrial Outlook Survey (IOS)
Frequency Quarterly
Start Date 6/30/2000
End Date 3/31/2026

India: Business

Reference Last Previous Units Frequency
Industrial Production May 2026 122.7 118.2 Index FY 2023=100, NSA Monthly
Business Confidence 2026 Q1 21.85 22.9 %, NSA Quarterly
Capacity Utilization 2026 Q1 16.89 16.06 %, NSA Quarterly
Change in Inventories 2025 Q4 109,226 99,023 10 Mil. INR, NSA Quarterly
Real Change in Inventories 2025 Q4 112,838 100,375 10 Mil. 2022-23 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.