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Image used for representational purpose only. | Photo Credit: Getty Images/iStockphoto 14 of the 19 sub-sectors in the trial and inaugural release of the government’s new Index of Services Production (ISP) witnessed double-digit growth in April 2026, with the best-performing sectors including accommodation and food, retail trade, administrative and support services, and real estate. The…
India is all set to launch high frequency dataset to capture the formal segment of the services sector, supporting evidence-based policymaking, amid data quality concerns due to the inherent heterogeneous nature of variables and partial or under coverage of the vast informal segment. Joining the league of Japan, South Korea, China and the European Union,…
Read More “Why does India need an Index of Services Production? | Explained” »
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The new index measuring the output of the country’s services industry, with 2024-25 as the base year, will be released each month with a 60-day lag, the Statistics Ministry said in a list of frequently asked questions (FAQs) on Wednesday (June 24, 2026). The first-ever…