Index of Services Production:

The Government has launched the Index of Services Production (ISP), India’s first high‑frequency macro‑economic indicator dedicated to measuring output of the formal services sector. The trial ISP, covering 19 sub‑sectors and about 60 % of the sector, was released for April 2026. Fourteen sub‑sectors posted double‑digit growth year‑on‑year, with accommodation & food (37.2 %), retail trade (30.8 %), administrative & support services (28.7 %), real estate (27.7 %) and telecommunications (22.8 %) leading monthly gains. The index uses a 2024‑25 base year and applies sector‑specific price deflators (WPI for wholesale trade, CPI‑General or CPI‑Services for others). Data will be published monthly with a ~60‑day lag, supporting national accounts, economic ministries, researchers and policy‑makers.