Context: Index of Services Production April 2026
The Ministry of Statistics and Programme Implementation has launched the trial Index of Services Production, India’s first official monthly indicator of services-sector output, similar to the Index of Industrial Production.
Index of Services Production
The Index of Services Production measures monthly real output of the services sector.
Released By
- Ministry of Statistics and Programme Implementation
Base Year
- 2024–25
Release Date
- 29th of every month
Coverage
The ISP covers 19 service sub-sectors, accounting for around 60% of India’s services sector.
Data Sources
- Goods and Services Tax data
- Government administrative records
- Annual Survey of Incorporated Services Sector Enterprises
April 2026 Highlights
- 14 out of 19 sub-sectors recorded double-digit growth.
- Major performers included:
- Accommodation and Food Services
- Retail Trade
- Administrative and Support Services
- Real Estate
Significance
- Provides India’s first official high-frequency indicator for services.
- Improves measurement of the services sector.
- Helps policy formulation.
- Supports economic monitoring.
- Complements the Index of Industrial Production.
- Reflects the growing role of services in India’s economy.
IIP Link
The Index of Industrial Production measures industrial output.
Important core industries include:
- Cement
- Fertilisers
- Natural Gas
- Refinery Products
Textiles is not part of the Eight Core Industries.
Key Takeaway
The Index of Services Production fills a major statistical gap by giving policymakers a regular measure of services-sector activity.
