MoSPI Releases Its First Sub-Sectoral Index of Services Production; 17 of 19 Sub-Sectors Grow in July

1 October 2026National

MoSPI released its first sub-sectoral trial Index of Services Production (ISP) on 29 September 2026, covering 19 services sub-sectors with 2024-25 as the base year. Seventeen of the 19 grew year-on-year in July 2026 and ten posted double-digit gains, led by administrative and support services (20.9%), retail trade (18.5%), real estate (14.4%), accommodation and food services (12.6%) and banking (12.3%). Only air transport (-8.4%) and repair services (-5%) contracted. The ISP remains an experimental series being tested for data quality, and builds on the first headline trial index released in July 2026.

Static GK

MoSPI also compiles the Index of Industrial Production and the Consumer Price Index | The IIP uses 2011-12 as its base year and covers mining, manufacturing and electricity | Services account for more than half of India's gross value added

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