MoSPI launches first trial Index of Services Production (ISP)

18 July 2026National

The National Statistics Office (NSO) under MoSPI launched the first trial Index of Services Production (ISP), India's first official monthly indicator of services-sector output, complementing the Index of Industrial Production (IIP). It is India's first high-frequency indicator dedicated to measuring services output, tracking short-term changes in the volume of output of the formal services sector against a base year. The services sector is India's largest GDP contributor, providing over 50% of Gross Value Added (GVA) since 2013-14.

Static GK

MoSPI = Ministry of Statistics & Programme Implementation | IIP base year: 2011-12 | GVA = GDP minus net product taxes | NSO formed by merging CSO and NSSO (2019)

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MoSPI's NSO launched the first trial Index of Services Production (ISP) — India's first official monthly, high-frequency indicator of services-sector output, complementing the IIP.

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