Index of Services Production: A Window into Services Sector Performance

In July 2026, Centre released the first sub-sectoral trial Index of Services Production (ISP) for 19 sub-sectors for April 2026, covering ~60% of the services sector.

What is ISP?

About

  • It is India's first high-frequency index dedicated to tracking changes in services sector output.

Purpose

  • To provide a timely assessment of short-term movements in the production of services.

Data Ecosystem

  • Three main data sources are used for compiling the ISP: administrative data, GST and Annual Survey of Incorporated Services Sector Enterprises (ASISSE)

Measuring Services Output

  • The ISP tracks short-term changes in the volume of services produced. ....
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