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I miscalculated the number of days I would be in the Schengen region for a conference, and was fined 110 euros for overstaying by a day. Will I be refused a Schengen visa in future on account of this? I am an Indian national and was traveling on a business visa.

choster
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The top story on https://www.lonelyplanet.com/thorntree/permalink/post/17975501 is about someone overstaying by 4 days, paying a fine and then two days later entering a few days later without problems.

If your story is correct and you were let go with just paying a fine and you were not deported then you should be fine. If, on the hand, you got the giant red deportation stamp in your passport you are hosed: not only in the EU but every country you attempt to enter will consider twice before letting you in.