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15 July 2026

Index of Services Production launch

The Index of Services Production is a significant new statistical tool for measuring economic performance, making it a highly relevant topic for questions regarding economic indicators and growth analysis in the Indian economy.

1 min read Day 5 of 15 2 questions 2 prelims

Notes

  • The Ministry of Statistics and Programme Implementation has launched the inaugural Index of Services Production (ISP) to measure services sector performance.
  • The ISP tracks 19 sub-sectors, which collectively account for approximately 60% of India’s services sector.
  • In April 2026, 14 out of the 19 sub-sectors recorded double-digit growth.
  • Top-performing sub-sectors include accommodation and food, retail trade, administrative and support services, and real estate.
  • The ISP is designed as the services sector equivalent of the Index of Industrial Production (IIP).
  • The ISP is scheduled for release on the 29th of every month.
  • The base year for the ISP is set as 2024-25.
  • Data sources for the index include administrative data, Goods and Services Tax (GST) data, and the Annual Survey of Incorporated Services Sector Enterprises (ASISSE).
  • The year-on-year growth for the 19-services sector in April 2026 compared to April 2025 is estimated at 20.8%.

Part of a longer story

This is day 5 of 15 in Upgrades to India's statistical databases, which has been running since 21 June 2026. Reading it whole is usually worth more than reading today alone — the exam asks how something developed.

Questions

  1. Discuss the significance of the newly launched Index of Services Production (ISP) in enhancing the statistical measurement of the Indian economy. 150 words
    Attempt this — 150 words in 8 min
    0 / 150 words 8:00
  2. The services sector is a major driver of India's economic growth. How does the introduction of the Index of Services Production (ISP) facilitate better policy formulation and macroeconomic monitoring in the context of India's transition toward a service-led economy? 250 words
    Attempt this — 250 words in 11 min
    0 / 250 words 11:00

Prelims

  1. Which of the following data sources is utilized for the compilation of the Index of Services Production (ISP)?

  2. What is the base year for the newly launched Index of Services Production (ISP)?

Syllabus

Topics

Sources

250words.in · https://250words.in/daily/2026-07-15/index-of-services-production-launch