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India’s First ISP Trial
July 18 , 2026
16 hrs 0 min
28
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- The Ministry of Statistics and Programme Implementation (MoSPI) released India’s first trial Index of Services Production (ISP) for measuring monthly activity in the formal services sector.
- The first ISP covers 19 sub-sectors with 2024–25 as the base year and represents around 60% of India’s services sector.
- In April 2026, 14 sub-sectors recorded double-digit growth, showing strong performance in the services sector.
- The index was developed under the guidance of the Technical Advisory Committee on Index of Services Production (TAC-ISP).
- ISP will be released monthly to track short-term changes in India’s services economy and strengthen macroeconomic indicators.
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