India Launches First-Ever Index of Services Production to Track Services Output
MoSPI released India's first trial Index of Services Production on July 14, 2026, covering April 2026 data with 2024-25 as the base year. It will track the sector contributing over half of India's GVA. Relevant for UPSC and state PSC aspirants in GS Paper 3 under Indian economy and national income statistics.
- MoSPI released India's first trial Index of Services Production (ISP) on July 14, 2026, covering April 2026 data.
- The ISP uses 2024-25 as its base year, aligned with the revised Consumer Price Index series.
- It will be published monthly on the 29th, with a 60-day time lag, going forward.