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MoSPI Releases First Trial Index of Services Production (ISP)

17 July 2026National

The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (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). The ISP is India's first high-frequency indicator dedicated to measuring formal services-sector output, tracking short-term changes in the volume of output relative to a base year. The services sector is India's largest GDP contributor, accounting for over 50% of Gross Value Added (GVA) since 2013-14.

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MoSPI also compiles the IIP, CPI and national accounts | Services sector is the largest contributor to India's GDP

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MoSPI's NSO launched India's first Index of Services Production (ISP), a monthly high-frequency gauge of services output complementing the IIP.

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