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1 September 2026

Index of Services Production (ISP) June 2026

The Index of Services Production (ISP) is a significant new economic indicator released by the government to track the services sector, which is a core component of India's GDP and economic growth analysis.

1 min read 1 questions 1 prelims

Notes

  • The Ministry of Statistics has released the Index of Services Production (ISP) for June 2026 on a trial basis.
  • The ISP covers 19 sub-sectors of the services industry.
  • The index utilizes 2024–25 as the base year.
  • Data indicates that 8 out of 19 sub-sectors achieved double-digit growth in June 2026.
  • With the exception of air transport, all 19 service categories recorded positive annual growth.

Questions

  1. The introduction of the Index of Services Production (ISP) marks a significant step in measuring economic activity. Discuss the importance of such high-frequency indicators in capturing the nuances of the services sector within India's national income accounting framework. 150 words
    Attempt this — 150 words in 8 min
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Prelims

  1. With reference to the Index of Services Production (ISP) released by the Ministry of Statistics, consider the following statements: 1. It currently uses 2024-25 as the base year. 2. It covers 19 distinct sub-sectors of the services industry. Which of the statements given above is/are correct?

Syllabus

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Sources

250words.in · https://250words.in/daily/2026-09-01/index-of-services-production-isp-june-2026