Inaugural Index of Services Production shows 14 sectors grew in double digits in April
The government's inaugural Index of Services Production (ISP) reveals that 14 out of 19 sub-sectors experienced double-digit growth in April 2026. Accommodation and food, retail trade, administrative and support services, and real estate were among the best-performing sectors. The ISP, designed as the services sector counterpart to the Index of Industrial Production (IIP), represents a significant milestone in strengthening India's statistical system and improving the measurement of the services sector, which accounts for over half of the country's economic activity. The base year for the trial ISPs is 2024-25.
Key Points
- The inaugural Index of Services Production (ISP) has been released by the government.
- 14 out of 19 sub-sectors in the services sector showed double-digit growth in April 2026.
- Top-performing sectors included accommodation and food, retail trade, and real estate.
- The ISP serves as the services sector counterpart to the Index of Industrial Production (IIP).
- This index is a significant step in strengthening India's statistical system and measuring the services sector.
Exam Facts
- The Index of Services Production (ISP) is the new index.
- 14 of 19 sub-sectors grew in double digits in April 2026.
- The ISP is released on the 29th of every month.
- The base year for the trial ISPs has been set as 2024-25.
- The Ministry of Statistics and Programme Implementation released the data.
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