RBI’s SIOS shows improved business, jobs, and turnover in Q1 FY26; optimism softens slightly for Q2 FY26.

• Services firms saw better business conditions and easing input and finance costs, but salary pressures increased in Q1.
• Optimism for Q2 remains positive but moderated, with concerns over selling prices and margins.
• Input cost pressures may continue into H2 FY26, though wage and finance cost burdens could ease moderately.