An Approach Paper on Expanding the scope and coverage for the Index of Services Production

The Ministry of Statistics & Programme Implementation (MoSPI) has published an Approach Paper to expand the scope and coverage of the Index of Services Production (ISP). MoSPI initiated a monthly trial compilation of the ISP for the formal sector in July 2026 using 2024–25 as the base year, initially covering 19 broad service sub-sectors accounting for about 60 percent of services-sector GVA. The new approach paper details methodologies to onboard education, human health and residential care, and public administration and defense, which represent nearly 21 percent of services GVA. Incorporating these sectors will increase total ISP coverage to approximately 80 percent. MoSPI has invited stakeholder comments on the proposed methodology.